SAN FRANCISCO (MarketWatch) — Chrysler LLC will unveil plans next week to launch a deal to pay back $7 billion in government loans, Reuters reported on Wednesday. Chrysler, according to several sources familiar with the matter, plans to raise $6 billion in term loans and bonds while taking $1.3 billion in cash from Fiat SpA to settle its debts to the U.S. and Canadian governments. A Chrysler spokesperson declined to comment on the report.

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