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Chrysler Financial turns the screws on dealers

It's not getting any easier to be a Chrysler-Dodge-Jeep dealer. Last month, when Chrysler Financial asked banks and investors to renew their $30 billion line of credit, they came up about $6 billion short. To make matters worse, the investors forced the automaker to follow much tighter financial guidelines (including a requirement to get out of leasing). Now, the cash shortfall is forcing the financial division to significantly turn up the heat on their retailers. Over the next few months, the financial arm will jack up dealer floorplan ... Read more →

Volkswagen offering 0% financing on all 2008 models Chris Shunk

Volkswagen typically shies away from massive rebates, but tough sledding on the sales floor had led the German automaker to take drastic measures. All 2008 models can be had with 0% financing for a ...

Porsche doesn't plan to take over VW... yet Noah Joseph

The latest in Porsche-Volkswagen relations is that the sports car maker has contingencies in place to raise its stake in the VW Group, but at this point is not planning an outright takeover. As you ...

Could GM use Toyota to parry Renault/Nissan blow? Joel Arellano

The possibility of a merger, or at least an alliance, between General Motors and Renault/Nissan has opened speculation to other combinations. Levin's opinion of a GM/Toyota combo, while improbable, ...

Chrysler Financial turns the screws on dealers 1 year ago on Autoblog

It's not getting any easier to be a Chrysler-Dodge-Jeep dealer. Last month, when Chrysler Financial asked banks and investors to renew their $30 billion line of credit, they came up about $6 billion short. To make matters worse, the investors forced the automaker to follow much tighter financial ...

Volkswagen offering 0% financing on all 2008 models 1 year ago on Autoblog

Volkswagen typically shies away from massive rebates, but tough sledding on the sales floor had led the German automaker to take drastic measures. All 2008 models can be had with 0% financing for a limited time, which should help VW dealers clear inventory before the '09 models arrive. The 0% ...

Porsche doesn't plan to take over VW... yet 2 years ago on Autoblog

The latest in Porsche-Volkswagen relations is that the sports car maker has contingencies in place to raise its stake in the VW Group, but at this point is not planning an outright takeover. As you may recall, when Porsche recently increased its ownership in Volkswagen AG, it was bound by German ...

Could GM use Toyota to parry Renault/Nissan blow? 3 years ago on Autoblog

The possibility of a merger, or at least an alliance, between General Motors and Renault/Nissan has opened speculation to other combinations. Levin's opinion of a GM/Toyota combo, while improbable, may just be the wild card GM CEO Wagoner needs to ward off a more probable GM/Renault/Nissan ...






Autoblog Podcast #158: 'Twas a couple nights before Christmas...

Chris, Editor Paukert, and Dan send the Podcast off for the Christmas holiday in proper fashion

 
 

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