Santander Consumer USAFINANCE & INSURANCE Q&A: TOM DUNDON Chrysler Group seeks an edge with Chrysler Capital 12:01 am U.S. ET | May 13, 2013  Chrysler Capital, the private-label arrangement between Santander Consumer USA and Chrysler Group, began operating in the United States May 1 as the preferred lender for Chrysler Group. Chrysler Capital will offer prime and subprime retail loans and leasing through Chrysler dealers, as well as floorplanning and construction loans to dealers.... Read More »
JIM HENRY GM, Chrysler take opposite tacks on captives 12:01 am U.S. ET | May 1, 2013  Does a car company need to own a captive finance company? While GM and Chrysler Group came off similar experiences of being partners with Ally Financial after their old captives went away during restructuring, they have reached different conclusions.... Read More »
Chrysler expects leasing to climb 12:01 am U.S. ET | Feb. 18, 2013  Chrysler Group expects dealers nearly to double the number of new vehicles they lease after Chrysler Capital, the group's new financial joint venture with Banco Santander SA, launches May 1.... Read More »
FINANCE & INSURANCE Banks hunt ways to set F&I products apart 12:01 am U.S. ET | Feb. 11, 2013 For some big banks, financing is not enough. They want a piece of the F&I product business, specifically with sales of vehicle service contracts. But it's not easy to break into that product segment.... Read More »
Chrysler near a deal for preferred lender 12:01 am U.S. ET | Jan. 21, 2013 Chrysler Group is close to signing a new preferred auto lender that promises to boost leasing for dealers. Chrysler-Fiat CEO Sergio Marchionne said the automaker is "in the final stretch" of negotiations with the financial services provider, which he did not name.... Read More »
Chrysler deal near with Santander on financing arm, report says 4:25 pm U.S. ET | Jan. 17, 2013  Chrysler Group is close to a deal with Spain's Banco Santander as an in-house financing arm to be called Chrysler Capital, The Wall Street Journal reported on Thursday, citing unnamed sources.... Read More »
Chrysler in talks to tap Santander as preferred financing provider, report says 4:34 pm U.S. ET | Nov. 14, 2012  Chrysler Group is in exclusive talks with Banco Santander to make its U.S. unit the automaker's preferred financing provider, people familiar with the matter said. Chrysler entered a 30-day negotiating period with the lender, which would be the U.S. automaker's main partner for financing with customers and dealers, said the people, who declined to be identified because the negotiations are private.... Read More »
FINANCE & INSURANCE Young consumers lead drive to online financing 12:01 am U.S. ET | June 4, 2012  More consumers are submitting their own credit applications online rather than letting a dealership F&I manager do it for them, auto lenders and industry observers say.... Read More »
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