- Jul 25, 2008
Chrysler's financial arm no longer offering leases
The move comes amidst Chrysler's attempt to get 20 banks to renew a $30 billion credit facility for the automaker's financial arm. The rise in borrowing costs next month will make it more difficult for Chrysler to offer low-interest loans and could spell further disasters on the sales front.
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[Source: Reuters, WSJ]