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Latest Chrysler Financial Stories

2010-12-21 06:30:00

TD to gain North American organic growth platform Transaction gives TD access to top talent, systems and technology Transaction allows TD to expand in large market with significant potential upside Note: All figures in US$ unless otherwise noted. TORONTO, Dec. 21 /PRNewswire-FirstCall/ - TD Bank Group (TD) (TSX and NYSE: TD), and Cerberus Capital Management, L.P. (Cerberus), today announced an agreement under which Chrysler Financial will be sold to TD for cash consideration of...

2009-05-01 17:00:00

FARMINGTON HILLS, Mich. May 1 /PRNewswire/ -- In response to Chrysler LLC's April 30, 2009, decision to file for protection under Chapter 11 of the U.S. Bankruptcy Act, Chrysler Financial today emphasized that it continues in business as an independent and separate legal entity from the automobile manufacturer, and remains focused on running its business operations. Chrysler Financial will continue to provide standard rate financing for retail consumers and to service its existing portfolio....

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2009-04-28 08:55:00

The U.S. Treasury Department is pushing to find a fix for Chrysler Financial, which is deemed a critical component of the third largest U.S. automaker. A solution under consideration is the purchase of Chrysler Financial by GMAC, General Motors' financial firm, but finding support for the plan has been difficult, The Washington Post reported Tuesday. The Federal Reserve would require a waiver to rescue a company that is not a bank, the Post said. Saving the company is vital to our success,...

2009-04-20 18:52:32

Top Chrysler Financial officials rejected a $750 million U.S. government loan because of federal restrictions on executive pay, sources said. Citing sources familiar with the situation, The Washington Post reported Monday that Chrysler Financial officials decided instead to use more expensive private financing. However, the newspaper said, Chrysler Financial -- a key source of loans for Chrysler dealerships and car buyers -- issued a statement denying its executives refused to accept new...

2008-09-04 12:00:16

PONTIAC, Mich., Sept. 4 /PRNewswire/ -- Habitat for Humanity of Oakland County, with the support of Chrysler Financial and Gontina Building and Design, will raise the walls in Pontiac, Mich., this week on the first affordable "green" home in Southeast Michigan. The home, being built at 457 Ferry Street will meet the U.S. Green Building Council's Leadership in Energy and Environmental Design (LEED) certification standards. (Photo: http://www.newscom.com/cgi-bin/prnh/20080904/CLTH022 )...

2008-07-25 21:00:18

DETROIT _ Chrysler LLC will stop issuing new car and truck leases next week through its financial arm and instead turn its resources to financing loans for customers, it told surprised dealers Friday. This could mean car shoppers with less-than-perfect credit will have a harder time finding leases to acquire a Chrysler, Dodge or Jeep. But those who want to purchase a vehicle with a loan through Chrysler might get better deals. The decision comes as the value plummets for used vehicles _...


Word of the Day
tessitura
  • The prevailing range of a vocal or instrumental part, within which most of the tones lie.
This word is Italian in origin and comes from the Latin 'textura,' web, structure.