• Most Popular
  • Most Shared

Chrysler's financial arm to stop leasing vehicles

DETROIT
Fri Jul 25, 2008 3:20pm EDT
The Chrysler logo is seen on the back of a 300C during the Chicago Auto Show in this February 6, 2008 file photo. REUTERS/John Gress

DETROIT (Reuters) - Chrysler LLC's financial arm is planning to stop offering vehicle lease options to consumers and would focus on financing retail vehicle purchases, spokesman Bill Porter said on Friday.

Stocks  |  Bonds  |  Global Markets  |  Private Capital

"We are shifting our strategy to focus on retail products," he said. "Effective August 1 we will no longer offer lease products in the United States."

(Reporting by Poornima Gupta; editing by Phil Berlowitz)



More from Reuters

Photo

Plot exposes fissure in U.S. intelligence community

WASHINGTON (Reuters) - Last week's failed plot to bomb a U.S. passenger jet has exposed lingering fissures within the U.S. intelligence community, which had information from interviews and clandestine intercepts but did not put the pieces together, officials said.

Floor traders work at the Hong Kong Stocks Exchange, January 16, 2008.   REUTERS/Bobby Yip

My way or the highway?

Hong Kong is poised to accept Beijing's accounting standards. That's good. The system, though, is prone to scandal. That's bad.  Full Article 

People walk past a branch of Bank of America in New York's financial district April 28, 2009. REUTERS/Brendan McDermid

Move your money

Boycotting "too big to fail" banks is a great idea -- so long as investors remember that banks aren't the only ones responsible for the crisis.  Full Article