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Chrysler credit is now FCA credit

by Bill Cawthon on

Marchionne-Growing-Piggybank-Web

Fiat Chrysler Automobiles today announced that FCA US has removed the last barriers to spreading Chrysler Group’s $2.5 billion in credit throughout their worldwide operations. FCA negotiated new amendments to loans maturing in 2017 and 2018, wiping out restrictions on paying dividends and where funds can be used. The company wrote that this allows “free flow of capital among members of the FCA Group.”

Bill Cawthon grew up in the auto industry in the 1950s. His Dad worked for Chrysler and Bill spent a number of Saturdays down on the plant floor at Dodge Main in Hamtramck. Bill is also the U.S. market correspondent for just-auto.com, a British auto industry publication, and a member of the Texas Auto Writers Association, which has named the Jeep Grand Cherokee the “SUV of Texas” several times and named the Ram 1500 as the “Truck of Texas” two years running.

Bill has owned five Plymouths (including the only 1962 “Texan”), one Dodge and one Chrysler and is still trying to figure out how to justify a Wrangler. He also has owned at least one of every 1:87 scale model of a Chrysler product. You can reach him directly at (206) 888-7324 or by using the form.


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