Chrysler Pays UAW Trust $5 Billion to End Bankruptcy Chapter
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Chrysler Group LLC, the American carmaker owned by Fiat SpA, will pay $5 billion to a United Auto Workers trust, completing the final payments that the company owed as a result of its bankruptcy.
Chrysler today closed a bond sale to reimburse the UAW health-care trust for a note it provided five years ago as part of the automaker’s financial rescue, the U.S. manufacturer said in a statement.