Fiat Chrysler Automobiles | Auto Finance News | Page 3 | Auto Finance News - Part 3

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 […]

Safety, Consumer Acceptance Serve as Top Autonomous Vehicle Concerns

With automakers like FCA fast-tracking toward autonomous vehicles, it can seem inevitable to think the traditional model of buying and selling cars could face a disruption. However, concerns with consumer acceptance, safety, and technology costs might hinder that thought, according to Automotive IQ’s Autonomous Vehicles Summit survey. Although 71% of manufacturers expressed an interest to […]

FCA Jumps into Subscription Market With Jeep, Mercedes-Benz Reveals Pricing

On the heels of announcing plans to form its own U.S. captive, Fiat Chrysler Automobiles will launch a subscription program called Jeep Wave — a membership program offering drivers the ability to switch between vehicles for a single monthly fee. Making its debut in 2019, Jeep’s program will offer vehicles in “good, better, and best” tiers, […]

FCA in Discussions to Buy Santander’s Chrysler Capital Portfolio

Fiat Chrysler Automobiles Group confirmed earlier reports that it plans to form a U.S. captive finance arm and one of the ways it may get there is by buying the Chrysler Capital portfolio from Santander Consumer USA. FCA Chief Financial Officer Richard Palmer made the announcement during an event in Italy that took place in […]

Chinese Automaker Mulls Bank Partners for U.S. Debut in 2019

Guangzhou Automobile Group Co. (GAC Motor) aims to be the first Chinese automaker to enter the U.S. market by yearend 2019 and is in talks with U.S. banks for retail financing, Auto Finance News has learned. “At this point in time, we’re looking at different options for retail customer loans, and we will proceed with […]

Santander Exec Aims to Bolster Growth of Fiat Chrysler Automobiles

Santander Consumer USA (SC) is focused on bolstering its relationship with Fiat Chrysler Automobiles (FCA), following the addition of Rich Morrin as president of Chrysler Capital and auto relationships. The subprime lender continued its executive-level shakeup in early October 2017 with the appointment of a new chief financial officer, a head of operations, and president […]
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