05-06-2009, 02:16 AM
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#3
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Drives: X-15 Velocipede
Join Date: Mar 2008
Location: SW Florida
Posts: 4,630
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Quote:
At the same time, the company's former financing affiliate, Chrysler Financial, is moving ahead with plans to wind down its lending operations. Company executives told employees at a meeting Friday that Chrysler Financial will need only minimal staff in the near future to handle the servicing of existing loans and leases on Chrysler vehicles, people who attended the meeting said.
Chrysler has signed a new agreement to have GMAC LLC, the lender affiliated with General Motors Corp., replace Chrysler Financial as its financing partner. Chrysler Financial has stopped offering loans to dealers and has drastically scaled back the number of consumer loans it approves.
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http://online.wsj.com/article/SB124156697510189601.html
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