Chrysler announced that it will pay back the U.S. and Canadian governments (taxpayers), but not because of increased profits.

Chrysler is trying to get money from private lenders, in order to pay back the government loans.  This is a sign that Chrysler doesn’t think it can pay back the taxpayers, based on its sales/profits.

Also, Chrysler is hoping the private loans will be at lower interest rates, than what it’s paying to the governments.  The interest rate for the U.S. loans are between 7%-14%, and the Canadians up to 20%.  Gee looks like they didn’t get a deal, like most corporations.  Is it because Chrysler is owned by a foreign company?