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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.
Read More →Unsure of where this recession is headed, I can’t blame lawmakers for their involvement, but can we make sure that all sides are heard before we jump to conclusions.
Read More →The Chrysler National Dealer Council, comprised of 17 Chrysler, Jeep and Dodge dealers elected by the dealer organization to represent all dealers’ interests, sent a letter to customers last Tuesday stating support for the company’s organizational overhaul.
Read More →Close to 90 percent of Chrysler LLC’s U.S. dealers are ready to conduct business through GMAC Financial Services, according to Chrysler Group vice chairman and president Jim Press.
Read More →GMAC Financial Services announced Thursday that it will receive $7.5 billion from the U.S. Department of the Treasury, as well as other key actions that will significantly improve the company's capital position and access to liquidity.
Read More →To extend some relief to U.S. auto dealers impacted by Chrysler’s bankruptcy filing and falling sales, U.S. Senator Kay Bailey Hutchison (R-Texas) introduced an amendment that will give dealerships slated for closing on June 9 an extra 60 days to close down operations and sell remaining inventory.
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Chrysler LLC announced Wednesday that C. Robert Kidder, former chairman of Borden Chemical Inc. and of Duracell International Inc., will become chairman of Chrysler Group LLC, once it completes its acquisition of the operating assets of Chrysler LLC and completes a global alliance with Fiat SpA. He will succeed Robert L. Nardelli.
Read More →Chrysler Financial announced Wednesday the resumption of subvented retail annual percentage rate (APR) programs in conjunction with Chrysler LLC.
Read More →Chrysler LLC announced a new slate of incentives worth up to $6,000 for new-vehicle purchases. The savings may be enough to convince car buyers to invest in the beleaguered OEM as it works its way through last week's Chapter 11 bankruptcy filing and an alliance with Italian automaker Fiat SpA.
Read More →GMAC Financial Services confirmed Thursday the $11.5 billion in capital requirements for the company resulting from the Federal Reserve's Supervisory Capital Assessment Program (S-CAP).
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