Recreating Chrysler Capital

Nearly 10 years after Chrysler LLC came to the government seeking a $12.5 billion bailout in the midst of the financial crisis, and eight years after Cerberus Capital Management sold Chrysler Financial to TD Bank, the OEM may finally get back its captive finance arm, the company announced in late May. A lot has changed […]

FCA Moves Forward With Captive Plans Despite CEO Marchionne’s Sudden Death

Sergio Marchionne, the former chief executive of Fiat Chrysler Automobiles, died on Wednesday at age 66. “Unfortunately, what we feared has come to pass. Sergio Marchionne, man, and friend is gone,” FCA Chairman John Elkann and a member of Fiat’s founding Agnelli family, said in a statement. Michael Manley, the former head of Jeep Brand, was […]

FCA Dealer Excited to Welcome a True FCA Captive

If Fiat Chrysler Automobiles is successful in its endeavors to form an internal captive arm, it would be a boon to the OEMs car sales, Dan Fields, president of Fields Automotive Group, told Auto Finance News. In late May, FCA announced its intentions to form a captive arm and possibly buy the Chrysler Capital portfolio […]

Subscription Programs Spur Innovation Opportunity

With all the consolidation taking place at dealerships across the country, managers are looking for new ways to drive sales and keep customers coming back, and one of the most popular solutions this year has been subscription programs. BMW Financial Services, Mercedes-Benz Financial Services, Fiat Chrysler Automobiles, and Toyota Financial Services’ Lexus brand have all […]

FCA Seeks to Jumpstart Operations With Purchase of Chrysler Capital

Fiat Chrysler Automobiles Group will likely move fast to acquire Santander Consumer USA’s Chrysler Capital portfolio because it will provide an instant revenue stream for the OEM and the ability to retain customer brand loyalty, said Jack Micenko, auto finance analyst at Susquehanna Financial Group. Micenko estimates the portfolio is worth a conservative $1.2 billion, […]

Waymo Enlists Chrysler to Supply 62,000 Minivans for Autonomous Fleet

While Fiat Chrysler Auto isn’t developing autonomous vehicle technology, the OEM has partnered with Waymo to supply the technology company’s fleet. Waymo, a division of Google-parent company Alphabet, increased the size of its self-driving taxi fleet more than 100-fold with the order of 62,000 Chrysler Pacifica hybrid minivans from FCA last week. FCA Chief Executive […]
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