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90% of dealers set up with GMAC

by David Zatz on

Chrysler Vice Chairman Jim Press wrote that 90% of Chrysler dealers are now “activated for retail business through GMAC Financial Services.” The Treasury announced a large loan to GMAC on May 21; GMAC is now Chrysler’s preferred North American lender for new and used cars. Cerberus owns part of the company as well as Chrysler Financial.

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