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Chrysler separation to end in 2016

by David Zatz on

To date, the former Chrysler Group, now known as FCA US, has been “ring-fenced” — creditors have demanded separate accounting for the division, and FCA has obliged, making it easier for observers to discover the group’s sales and profits.

FCA

That will end in the first half of 2016, according to a recent FCA report. The company will redeem FCA US senior secured notes (special loans) with cash on hand on December 21.  By midyear, FCA will have a single, unified “financing platform” and will be able to distribute capital everywhere — and, presumably, cease to report FCA US results separately.

David Zatz founded Allpar in 1998 (based on a site he had begun in 1993-94), after years of writing reviews for retail trades. He has been quoted by the New York Times, the Daily Telegraph, the Detroit News, and USA Today. Before making Allpar a full-time career, he was a consultant in organizational psychology. You can reach him by using our contact form (much preferred) or by calling (313) 766-2304


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