Newsroom
October 23, 2009
Statement in Response to Special Master Ruling
Chrysler Financial is currently reviewing the details of the Special Master's ruling. Therefore, the Company has no detailed comment at this time.
September 30, 2009
Chrysler Financial Statement in Response to Further Restructuring
Chrysler Financial announced today, effective immediately as part of its ongoing organizational restructuring, the Company will reduce its U.S. workforce by approximately 12 percent affecting all levels of the organization.
July 14, 2009
Chrysler Financial Announces Full Repayment of Troubled Asset Relief Program (TARP) Loans
Chrysler Financial announced today it has repaid in full the $1.5 billion of Troubled Asset Relief Program (TARP) government loans. The Company originally secured TARP funding in January of this year to support Chrysler LLC in its efforts to remain viable. Chrysler Financial used the TARP loans to fund more than 85,000 consumer loans to support the sale of Chrysler, Jeep® and Dodge vehicles for Chrysler LLC.
June 30, 2009
Chrysler Financial Restructures its Business Operations
In light of declining vehicle sales, tight capital markets and the decision to shift Chrysler Group LLC subvented retail business to GMAC, Chrysler Financial announced today it will restructure its business operations to align operating expenses with current revenue expectations. The impact of the realignments will have the effect of reducing the Company’s total workforce by about nine percent.
May 20, 2009
Chrysler Financial Resumes Special Programs with May Zero Percent Program
Chrysler Financial announces today the resumption of subvented retail A.P.R. programs in conjunction with Chrysler LLC.
Effective today through June 1, qualified customers have an option of selecting 0% financing for 72 months on select 2008 model year Chrysler, Jeep® and Dodge vehicles through Chrysler Financial.
May 1, 2009
Chrysler Financial Remains Focused on Running Its Business Operations
In response to Chrysler LLC’s April 30, 2009, decision to file for protection under Chapter 11 of the U.S. Bankruptcy Act, Chrysler Financial today emphasized that it continues in business as an independent and separate legal entity from the automobile manufacturer, and remains focused on running its business operations.
April 2, 2009
CONSUMER ALERT: Chrysler Financial Issues Warning to Consumers Receiving Fraudulent Checks
Thought you won the lottery? Think again. Consumers across the United States have received fraudulent letters from the so-called Ontario Lottery and Gaming Commission in Canada claiming they won $170,000. The letters also contain counterfeit checks allegedly issued by “DaimlerChrysler Financial Services” and “Chrysler Financial” in various amounts.
January 16, 2009
Chrysler Financial Receives Access to $1.5 Billion in Loans from the U.S. Department of Treasury
Chrysler Financial today announced it has received access for up to $1.5 billion in loans from the U.S. Department of Treasury's Troubled Asset Relief Program (TARP). The funds, which became available under the Emergency Economic Stabilization Act of 2008, will provide the necessary liquidity to support Chrysler Financial's retail finance program.
November 18, 2008
Chrysler Financial Canada Announces Restructuring
Chrysler Financial Canada announced today it will restructure its operations to reduce costs and maximize efficiencies. Through this restructuring, the company will consolidate its current business operations in Calgary, Montreal and Windsor into its Toronto facility by May 1, 2009.
November 5, 2008
Montgomery City Man Wins All-new 2009 Dodge Ram After Accepting Ram Challenge
After comparing trucks this August at the Ram Challenge Test Drive in St. Louis, Adam Brittengham, 22, of Montgomery City, Mo., is the winner of an all-new 2009 Dodge Ram, courtesy of Chrysler Financial and Chrysler LLC.
November 1, 2008
Detroit-Area Children Get a New Child-Designed Playground at Josefiak Playlot in One Day Courtesy of the Chrysler Foundation, Chrysler Financial, Motor City Dodge Dealers, Chrysler Jeep®Superstores, KaBOOM! and the Detroit Community Initiative
Before the sun set today, the hundreds of children who frequent the Josefiak Playlot in Detroit every day are getting a new place to play.
October 28, 2008
Detroit-Area Children Get a New Child-Designed Playground at Josefiak Playlot in One Day Courtesy of the Chrysler Foundation, Chrysler Financial, Motor City Dodge Dealers, Chrysler Jeep® Superstores, KaBOOM! and the Detroit Community Initiative
The hundreds of children who frequent the Josefiak Playlot in Detroit every day are getting a new place to play. In less than eight hours on build day, more than 200 volunteers from The Chrysler Foundation; Chrysler Financial; the Motor City Dodge Dealers; the Chrysler Jeep® Superstores; the Detroit Community Initiative; organizers from KaBOOM! and residents of the Northeast Village will assemble a new playground in the park.
October 11, 2008
Chrysler Financial and Habitat for Humanity of Oakland County Celebrate Completion of First Affordable Eco-Friendly Habitat Home in Southeast Michigan
Habitat for Humanity of Oakland County, with the support of Chrysler Financial and Gontina Building and Design, will present the keys to the first affordable, eco-friendly Habitat home in Southeast Michigan to its new owner - Camisha Byrd.
October 3, 2008
Community Members Join Forces with Area Dealership, Chrysler LLC and KaBOOM! to Build New Child-Designed Playground in One Day
Local community members to team up with Ken Garff West Valley Chrysler Jeep® Dodge Dealership; The Chrysler Foundation; Chrysler Financial; and KaBOOM! to build new playground at the Kearns National Pony League's field site.
September 16, 2008
Chrysler Financial Offers Financial Relief to Hurricane Ike Affected Customers
To ensure customers on the Louisiana and Texas coastlines affected by Hurricane Ike are able to focus on immediate personal matters, Chrysler Financial is offering qualified customers the option to defer monthly payments.
September 4, 2008
Chrysler Financial Partners with Habitat for Humanity of Oakland County to Construct First Affordable "Green" Home in Southeast Michigan
Habitat for Humanity of Oakland County, with the support of Chrysler Financial and Gontina Building and Design, will raise the walls in Pontiac, Mich., this week on the first affordable "green" home in Southeast Michigan. The home, being built at 457 Ferry Street will meet the U.S. Green Building Council's Leadership in Energy and Environmental Design (LEED) certification standards.
August 8, 2008
Chrysler Financial Announces Leadership Changes
Chrysler Financial announced today the appointment of key executives to further strengthen the company's focus on its core business.
August 3, 2008
Chrysler Financial Announces Completion of Credit Facilities Renewal
Chrysler Financial today announced that it has completed the renewal of its annual credit facilities. The $24 billion credit facilities provide funding for the company’s dealer and consumer financial services products.
June 25, 2008
Chrysler Financial Celebrates Industry-First Technology Milestones
Chrysler Financial today announced its automated contract origination process has reached many industry-firsts. Chrysler Financial continues to lead the market with innovative dealership technology solutions.
June 18, 2008
Chicagoland Chrysler, Jeep® and Dodge Dealers, Chrysler LLC and Chrysler Financial Join KaBOOM! to Build a New Playground
More than 200 volunteers from the Chicagoland Chrysler, Jeep® and Dodge Dealers; The Chrysler Foundation; Chrysler Financial; Maywood-Melrose Park-Broadview School District 89; organizers from KaBOOM!; and residents of the local community joined together today to build a new and secure playground at Maywood-Melrose Park-Broadview Building Field.
June 11, 2008
Designed By Kids, Built By Volunteers: Chrysler LLC Representatives and Chicago Area Dealers Team Up With KaBOOM! to Build New Playground at Maywood-Melrose Park-Broadview School District 89
More than 200 volunteers from the Chicagoland Chrysler, Jeep® and Dodge Dealers; The Chrysler Foundation; Chrysler Financial; Maywood-Melrose Park-Broadview School District 89; organizers from KaBOOM! and residents of the community will join forces on Wednesday, June 18, 2008 to build a new and secure playground at Maywood-Melrose Park-Broadview Building Field.
March 14, 2008
The Washington Informer and The (Memphis) Tri-State Defender Take Top Honors in 2008 Chrysler Financial/NNPA Foundation Entrepreneurial Award Program
The Washington Informer and The (Memphis) Tri-State Defender have been named winners of the 2008 Chrysler Financial/NNPA Foundation Entrepreneurial Award-a unique award that recognizes the nation's black-owned newspapers for their entrepreneurial accomplishments and commitment to community service. The Entrepreneurial Award seeks to encourage members of the Black Press of America to look beyond traditional streams of revenue, such as advertising, and to develop creative ways to thrive in today's competitive media industry.
February 21, 2008
Gail Perry-Mason is Keynote during Annual Black History Month Celebrations »
Chrysler Financial hosted Gail Perry-Mason as the keynote speaker during the annual Black History Month celebrations on Thursday, Feb. 21 at the Chrysler Financial Headquarters. In conjunction with the Chrysler Financial African-American Network (CFAAN), one of three employee resource groups, the Company sponsored a month-long series of events to celebrate black history, including an employee seminar on personal financial information and historical displays.
more »February 20, 2008
Chrysler Financial Hosts 2008 F&I Conference »
Chrysler Financial hosted its fifth annual Finance and Insurance (F&I) Conference February 11-15. The conference titled "Educate and Accelerate" is a knowledge-based business conference designed to showcase tools, tips, processes and ideas for practical use in the finance and insurance departments of Chrysler, Jeep® and Dodge dealerships.
more »January 23, 2008
Chrysler Financial Helps Others Make the Effort in Orlando »
As part of the 2008 Chrysler Financial Orlando Business Meeting, employees from field sales locations and customer contact centers will donate more than 1,000 hours of community service with Hands On Orlando today. Employees will come together to create a park, paint murals, landscape, install rocking chairs and other park equipment which will ultimately help prepare apartments for occupancy at the Helping Others Make the Effort, Inc. (HOME) campus.
more »January 21, 2008
Chrysler Financial Helps Others Make the Effort in Orlando »
As part of the 2008 Chrysler Financial Orlando Business Meeting, 550 employees from field sales locations and customer contact centers will gather with Hands On Orlando to create a park, paint murals, landscape, install rocking chairs and other park equipment.
more »December 11, 2007
The Detroit Branch of the Federal Reserve Bank of Chicago will once again coordinate the fifth Michigan Money Smart Week® April 20-26 in 2008. Coordinated by the Detroit Branch, partner organizations and the Money Smart Advisory Council (MAC), Money Smart Week is designed to promote financial literacy and provide greater personal finance education to consumers.
more »December 6, 2007
Chrysler Financial and The Rainbow Connection: Making Spirits Bright »
The Rainbow Connection is hosting their Annual Holiday Party this Saturday December 8 at Faith Lutheran Church in Troy, Mich. Michigan children with life threatening illnesses and their families will celebrate during an afternoon filled with entertainment, food, and a special visit from Santa.
more »December 6, 2007
Chrysler Financial Employee Volunteers Support Bienvenidos Food Bank in Denver »
The Chrysler Financial Denver Business Center employees will spend Tuesday, December 11 packing food into a newly donated 2007 Dodge Sprinter Cargo Van in Greenwood Village, Colo.
more »December 4, 2007
'Tis the season for holiday shopping and today, Chrysler Financial and MBNA Canada Bank announced the launch of the Chrysler Rewards, Jeep Rewards and Dodge Rewards MasterCard credit cards, three new ways for consumers to drive home the points.
more »November 30, 2007
Chrysler Financial Announces New Appointments »
Chrysler Financial announced today several key appointments to further strengthen its leadership team and enhance its position as an independent provider of financial services.
more »November 7, 2007
Atlanta Hip-Hop Summit on Financial Empowerment Draws Thousands to Learn About Financial Literacy »
Russell Simmons, Jermaine Dupri, Yung Joc, Cassidy, Hurricane Chris, Doug E. Fresh, LeToya Luckett, Belly, Young Berg, Sean "The Pen" Garrett, DJ Drama, Bryan-Michael Cox, Lavar Arrington, Gregg Street, Free, Dr. Benjamin Chavis and Chrysler Financial's Monique Tate and Sauna Witherspoon Participated in Teaching Young People How to "Get Your Money Right"
more »November 1, 2007
For the fourth consecutive year, Chrysler Financial and the NNPA Foundation are partnering to sponsor the Chrysler Financial/NNPA Foundation Entrepreneurial Award—and one publisher could walk away with the grand prize of $10,000 by demonstrating their business savvy and community-minded spirit.
more »October 29, 2007
On Saturday, November 3, the Hip-Hop Summit Action Network (HSAN) is coming back to Atlanta with the timely message of financial literacy as the Hip-Hop Summit on Financial Empowerment "Get Your Money Right" International Tour makes its final stop at Morris Brown College.
more »October 26, 2007
Chrysler LLC and Chrysler Financial today announced plans to support the relief and recovery efforts for the thousands of Californians displaced by the fires and the fire departments still battling the blazes in Southern California.
more »October 23, 2007
Miami Hip-Hop Summit on Financial Empowerment Draws Hip-Hop Stars, Financial Experts and More »
On Saturday, October 20, young adults filled Florida Memorial University's A. Chester Robinson Athletic Center for the Hip-Hop Summit Action Network's "Get Your Money Right" International Financial Empowerment Tour. An enthusiastic crowd received important financial literacy information from legendary hip-hop stars and financial experts.
more »October 16, 2007
Big Brothers Big Sisters of Los Angeles and the Inland Empire (BBBSLAIE) will honor top talent from the entertainment industry at its Rising Stars Gala, October 26, 2007 at The Beverly Hilton Hotel. The awards recognize outstanding members of the Los Angeles community who are inspiring and positive role models for young people.
more »October 15, 2007
With the recent housing market crash affecting the economy, jobs, student loans and consumer confidence, young people need some sound financial advice on how to best manage their money and navigate through this volatile economic environment.
more »October 3, 2007
"The Summit is on the right track. It's time we stopped giving our money away and take control of it!" emphasized Congresswoman Maxine Waters from the stage of the Washington Convention Center during the 2007 Washington, D.C. Hip-Hop Summit on Financial Empowerment's "Get Your Money Right" International Tour. And taking back responsibility for one's financial health was what Saturday's Summit was all about.
more »October 3, 2007
Chrysler Insurance Supports Neighborhood Centers, Inc. at Lafayette Play Lot in Southwest Detroit »
The Neighborhood Centers, Inc. and 30 Chrysler Insurance employee volunteers will join together to develop a healthy urban environment in the Springwells Village Neighborhood of Southwest Detroit. Chrysler Insurance is collaborating with Neighborhood Centers Inc. to create physical spaces that support youth development activities.
more »September 25, 2007
The Hip-Hop Summit Action Network (HSAN) is bringing two events to this year's Congressional Black Caucus Foundation (CBCF) Annual Legislative Conference (ALC) weekend in Washington, D.C., both giving a comprehensive education on fiscal responsibility. A major highlight of this year's CBCF ALC is the Hip-Hop Summit's "Get Your Money Right" Financial Empowerment Summit International Tour.
more »September 25, 2007
One of the major highlights of this year's Congressional Black Caucus Foundation (CBCF) Annual Legislative Conference (ALC) will be the Washington, D.C. Hip-Hop Summit on Financial Empowerment.
more »September 10, 2007
North Carolina Hip-Hop Summit on Financial Empowerment: A Historic Success »
For over two hours, more than 5,000 young adults enthusiastically received vital financial literacy information from legendary hip-hop stars and financial experts at North Carolina's first Hip-Hop Summit on Financial Empowerment on the campus of North Carolina Agricultural and Technical State University, Saturday, September 8, 2007.
more »August 31, 2007
USA Today said in a March 9, 2007 Page 1 story on the Hip-Hop Summit Action Network’s (HSAN) national tour on financial empowerment, “Despite a difference in tone and sometimes language, [the artist’s] advice was what you’d get from Merrill Lynch, just more colorful.” On Saturday, September 8, the Hip-Hop Summit Action Network comes to North Carolina for the first time for its international “Get Your Money Right” tour on financial empowerment.
more »August 27, 2007
The Chrysler Foundation and Chrysler Financial have presented Forgotten Harvest with a $100,000 donation at the annual Woodward Dream Cruise. The donation will go toward Forgotten Harvest’s $3.6 million capital campaign for its new headquarters in Oak Park, Mich. more »
August 20, 2007
Toronto 2007 Hip-Hop Summit Stresses Financial Literacy »
The Hip-Hop Summit Action Network and Chrysler Financial Canada convened its second international Hip-Hop Summit at Toronto's Hummingbird Centre on Saturday, August 18, 2007 to empower young people with the basics of financial literacy. more »
August 10, 2007
Chrysler Financial Announces Winner at Camp Jeep® 2007 »
Chrysler Financial announced today the winner of a two-year vehicle lease from the "Hike In and Win" contest held at Camp Jeep® 2007 in Charlottesville, Va. Chrysler Financial invited participants to guess the number of antenna toppers packed in a Jeep Patriot. Out of approximately 2,000 entrants, Ilene Berg, from Bordentown, N.J., had the closest guess and won the lease on an all-new 2007 Jeep Patriot. more »
August 6, 2007
The New Chrysler Financial, created as a result of the transfer of assets from DaimlerChrysler AG to an affiliate of Cerberus Capital Management,L.P., begins operations today as a stand-alone company supporting the sales operations and dealer network of “The New Chrysler,” Chrysler LLC. more »
August 2, 2007
Following the success of the Hip-Hop Summit Action Network’s (HSAN) first international “Get Your Money Right” Financial Empowerment Summit in Toronto last year, HSAN is back to help Canadian youth get their money right! more »
July 11, 2007
Chrysler Financial Redesigns the Customer Lease Turn-In Process »
Chrysler Financial announced today a completely redesigned lease turn-in process to drive showroom traffic and new vehicle sales. The process will eliminate customer surprises and simplify the vehicle turn-in inspection process. more »
June 26, 2007
Visa Card Means a “Rewarding” Experience for Owners of a Chrysler, Jeep® or Dodge »
Buying and maintaining a Chrysler, Jeep® or Dodge vehicle can be a rewarding experience, especially if the expenses are charged on the Chrysler, Jeep and Dodge Rewards Visa® credit cards.
more »
May 1, 2007
Chrysler Financial and ASPIRA Launch Bilingual Financial Education Program for Latino Youth »
Chrysler Financial, and the ASPIRA Association, the only national non-profit organization devoted solely to the education and leadership development of Latino youth in the country, are partnering to provide a financial education and vehicle financing education program catered to young Latinos.
more »
April 19, 2007
SER National and Chrysler Financial Launch ‘SER Progreso’ to Bridge Financial and Technology Divides for Latino Families in Four States »
A financial education partnership between SER-Jobs for Progress National, Inc. (SER National), a nonpartisan, nonprofit organization, and Chrysler Financial, a business unit of DaimlerChrysler Financial Services Americas) aims to make the financial dreams of Latino families around the country a reality.
more »