BUSINESS BRIEFING / FINANCIAL CRISIS
Times Wire Reports
Chrysler Financial, the former lending arm of automaker Chrysler, said it repaid a $1.5 billion, five-year loan it received in January from the federal government’s Troubled Asset Relief Program.
The company raised the money by packaging and selling top-rated car loans to investors using the government’s Term Asset-Backed Securities Loan Facility, according to a statement.
