COVID-19 strains Santander's target Chrysler Capital goals | Auto Finance News | Auto Finance News

COVID-19 strains Santander’s target Chrysler Capital goals

Photographer: Angel Navarrete/Bloomberg

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. […]

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