Byline: Donna Harris
Chrysler Financial said it has adequate funds to continue as an independent finance company writing standard retail auto loans.
The company is not pursuing a multibillion dollar funding arrangement that was up for annual renewal in August. Last year, Chrysler Financial obtained $24 billion from investors through this credit source.
Analysts have speculated Chrysler Financial would gradually wind down in the wake of the Chrysler LLC bankruptcy. Under the government-brokered restructuring plan, GMAC Financial Services became the primary lender for the new Chrysler and its surviving dealer network.
Now that Chrysler emerged from …
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