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November 10, 2009

GMAC Will Fuel Chrysler’s Comeback

Chrysler Group officials made it clear last Wednesday that securing the financing needs of its dealers will be key to realizing its $500 million, five-year plan. GMAC responded the following day by saying that it’s quickly ramping up efforts to becoming the preferred financing source of Chrysler dealers and customers.

November 10, 2009

Chrysler Reveals 5-Year Plan Business Plan

Chrysler Group LLC unveiled its five-year business plan on Nov. 4, and said it's working to introduce a test fleet of plug-in hybrid minivans and trucks in 2011 and possibly an all-electric vehicle in 2012.

November 5, 2009

Lawmaker, McEleney to GMAC: Floorplanning at Crossroads

U.S. Congresswoman Candice Miller (R-Mich.) and National Automobile Dealers Association (NADA) chairman John McEleney have undertaken separate campaigns to extend a program designed to provide floorplanning credit to Chrysler dealerships.

November 4, 2009

Chrysler Offers Incentives Through Credit Union Program

Chrysler Group LLC is offering credit union members preferred pricing on all 2009 Chrysler, Jeep, Dodge and Ram Truck vehicles and a select number of 2010 vehicles through the“ Invest in America” program.

October 28, 2009

GMAC Shoring Up Capital Position Ahead of Regulatory Deadline

An insider confirmed on Wednesday reports that GMAC Financial Services Inc. is in discussions with the U.S. Treasury Department for a third-round of taxpayer-backed funding – one of two moves the auto finance company made this week to shore up its capital position ahead of an impending regulatory deadline.

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.

September 29, 2009

GMAC Offers New Dealer Incentives

Starting Thursday, Oct. 1, GMAC Financial Services will begin rewarding loyal General Motors and Chrysler dealers with cash, remarketing services and other perks.

September 29, 2009

Dealer Floorplan ABS Resilient Despite Recession and Automaker Bankruptcies

Auto dealer floorplan asset-backed securities (ABS) continue to perform and remain resilient despite the recession and the bankruptcies of two domestic automakers, said ratings firm DBRS.

September 16, 2009

Chrysler Returns to Leasing, Offers Additional Financing Options

Chrysler Group LLC announced it will offer a leasing option for customers on all 2010 model year Chrysler, Jeep and Dodge vehicles through Chrysler’s preferred lender, GMAC Financial Services.

September 1, 2009

Chrysler Offers Incentives on 2009 and 2010 Models; Reports Sales Increase for August

Chrysler Group LLC is offering incentives through Sept. 30 on select 2009 and 2010 model year vehicles. The manufacturer also reported a five percent increase in August sales.