Operating a car loan operation in the USA has been very risky in the past. GM is one example which suffered tremendously from clients not fulfilling their financing contracts and, eventually, GM had to apply for Chapter 11 in 2009. ‘Old’ Chrysler experienced the same problems at the same time. Media speculations suggest that FCA intends to go back into this business. We wonder why.
31 May 2018
FCA will possibly open its own financing arm in the USA
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FCA will possibly open its own financing arm in the USA
Stellantis N.V. (STLA:WBO) | 0 0 0.3% | Mkt Cap: 34,343m
- Published:
31 May 2018 -
Author:
Hans-Peter Wodniok -
Pages:
2
Operating a car loan operation in the USA has been very risky in the past. GM is one example which suffered tremendously from clients not fulfilling their financing contracts and, eventually, GM had to apply for Chapter 11 in 2009. ‘Old’ Chrysler experienced the same problems at the same time. Media speculations suggest that FCA intends to go back into this business. We wonder why.