Monday, September 8, 2008

Chrysler Financial hikes dealer floorplan fees

A month after its sudden withdrawal from the leasing business, Chrysler Financial has told dealers that it will jack up their floorplan interest rates and force them to pay off older, unsold vehicles. In an Aug. 27 letter to dealers, Chrysler Financial CEO Thomas Gilman called the moves "unprecedented actions for unprecedented times." FULL STORY

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