Most of us think we know the whole story when it comes to how Chrysler came to become FCA (Fiat Chrysler Automobiles) and how the United States Federal government paid to make that transaction happen. It sorta goes like this: Chrysler Group LLC borrowed $12.5 billion under the Troubled Asset Relief Program, or TARP. Chrysler first received $4 billion on January 2, 2009, (18 days before Obama took office) and another $8.5 billion on April 30 (when Obama was president), according to this Government Accountability Office report (page 9) on TARP.

Read the whole story at Mopar Connection HERE: