The coronavirus pandemic could put strain on Santander Consumer USA’s financing alliance with Fiat Chrysler Automobiles, according to filings with the Securities and Exchange Commission. SCUSA’s ability to potentially meet Chrysler Capital penetration rate goals under its private-label finance agreement with FCA could be “adversely” affected due to the COVID-19 crisis, according to SEC filings. […]
Get Auto Finance News Premium for as low as $8 per week!
Start your free one week trial today for access to the latest industry news and trends.