Tuesday, April 28, 2009

U.S. Tries to Broker Sale Of Chrysler's Loan Arm - washingtonpost.com

 

The Obama administration wants the nation's largest auto-financing company, GMAC, to buy Chrysler Financial,

if Chrysler files for bankruptcy protection, keeping Chrysler Financial afloat still remains critical to the company's future, some industry and government officials said. A collapse of the financing arm could take down many dealers

Closing a merger between GMAC and Chrysler Financial would require an infusion of new bailout money from the Treasury.

U.S. Tries to Broker Sale Of Chrysler's Loan Arm - washingtonpost.com

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