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January 11, 2010

GMAC Approves Financing for 94 Percent of Chrysler Dealers

GMAC Financial Services issued an update Friday on its efforts to provide nearly 1,500 Chrysler dealers with wholesale financing.

Tags: Chrysler Financial, GMAC Financial Services, wholesale financing

October 26, 2009

Chrysler Financial to End Business in 2011

Chrysler Financial, the former captive lender of Chrysler LLC, will liquidate and cease business in Dec. 31, 2011, according to a letter from the U.S. Treasury Department.

Tags: Chrysler, Chrysler Financial, GMAC Financial Services

August 4, 2009

Chrysler Financial Won’t Renew $24 Billion Credit Facility

Chrysler Financial said last Friday it wouldn’t seek a $24 billion credit facility that was set to be renewed yesterday, as officials said the finance company had sufficient funds to continue underwriting auto retail loans.

Tags: Chrysler Financial

July 15, 2009

Chrysler Financial Repays $1.5 Billion TARP Loans

Chrysler Financial announced July 15 it has repaid in full the $1.5 billion of Troubled Asset Relief Program (TARP) government loans.

Tags: auto ABS, Chrysler Financial, TALF, TARP

June 1, 2009

GMAC to Continue Operations During GM’s Bankruptcy

On the heels of General Motor’s Chapter 11 bankruptcy filing on Monday, GMAC Financial Services issued a statement saying it is taking the appropriate steps to protect its interests during the troubled automaker’s restructuring.

Tags: Chrysler, Chrysler Financial, General Motors, GMAC Financial Services

May 20, 2009

Chrysler Financial Resumes Special APR Program for Dealers

Chrysler Financial announced Wednesday the resumption of subvented retail annual percentage rate (APR) programs in conjunction with Chrysler LLC.

Tags: annual percentage rate, Chrysler, Chrysler Financial

May 1, 2009

Chrysler’s Bankruptcy Clouds Future for Chrysler Financial

While Chrysler LLC’s bankruptcy filing under Chapter 11 on Thursday provided a clearer picture of the troubled automaker’s way forward, it left the future of Chrysler Financial clouded.

Tags: Chrysler, Chrysler Financial, RouteOne

January 16, 2009

Chrysler Financial Receives $1.5 Billion Loan; Rolls Out New Incentives

Shortly after receiving up to $1.5 billion in loans from the U.S. Department of Treasury's Troubled Asset Relief Program (TARP), Chrysler Financial rolled out new incentives on select Chrysler, Jeep and Dodge models.

Tags: Chrysler Financial, TARP

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