Chrysler is talking to Spain’s Banco Santander SA about replacing Ally Financial as its preferred lender.
“Chrysler Group has entered into a 30-day period where it is negotiating exclusively with a potential partner to provide financial services to our dealers and their customers,” Peter Grady, Chrysler Group’s vice president for network development and fleet, told the Wall Street Journal in a statement.
Earlier this year, Chrysler said that it will allow its pact with Ally Financial, the former lending arm of General Motors, to expire at the end of April next year.
Fiat has used Banco Santander for financing in several markets. In Europe, Santander handled financing for Fiat in the UK and Ireland until early this year when its role was taken over by FGA Capital, a joint venture of Fiat S.p.A. and Credit Agricole S.A.
Months after unconfirmed reports made it to Allpar’s pages, the power of Automotive News, in the person of reporter Larry Vellequette, pried a key fact from Chrysler executives — that they cast and build “Ferrari” engines for Maserati. As our sister site pentastars.com reported, the engines are actually cast in Kokomo, and machined in the Trenton Engine plant, using a mixture of [...]
Dodge is showing four concept cars at SEMA: a Dart, Charger, Challenger, and Viper ACR. You can now see them all at Allpar, courtesy of Patrick Rall — now with the story behind them. Coming soon: Jeep, Ram, Chrysler, and Fiat concepts. See all the Dodge concepts
Long before the Challenger Hellcat was officially launched, Allpar noted that the engine — which we estimated at “620-680 horsepower” (depending on when the stories were written) — was being tested in the Jeep Grand Cherokee. Then we wrote that it had probably been ruled out, for various reasons. Today, one source wrote that the trademarked Trackhawk name, which we had thought [...]