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.
The 2015 Dodge Charger squad has been tested in police trim for the first time, but since it kept the five-speed automatic, it has turned in numbers similar to past years. While the eight-speed V6 Charger does 0-60 in 6.6 seconds, the five-speed was timed at 8.05 seconds by the Michigan State Police. The civilian 2015 Charger gained acceleration from the eight-speed, [...]
The Ram 1500 faced down the aluminum-bodied Ford F-150 and new Chevrolet Silverado in Motor Trend’s half-ton truck shootout. The three contenders were put through a broad array of testing, including a 260-mile drive through California and Arizona. Measurements included: Testing without load: 0-60 mph and 1/4-mile acceleration, 60-0 mph braking, and maximum lateral grip (Ram was Limits-handling without load: closed-course cornering, braking, [...]
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 [...]