Chrysler Financial – News
November 18, 2008
Contact: Jelena Jelich, Chrysler Financial Canada
Office: (519) 561.9627
Cell: (519) 965.1995
js399@chryslerfinancial.com
Chrysler Financial Canada Announces Restructuring
Windsor, ON - 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.
"The last six months have been extremely difficult given the sudden turmoil in the financial markets and specifically the automotive industry," said Gino Cozza, President and CEO of Chrysler Financial Canada. "It was imperative for us to take a closer look at our business and identify solutions to be more efficient in an effort to weather these challenging times."
The restructuring will take place over the next six months with the Western Business Centre in Calgary closing immediately. The Quebec Business Centre in Montreal and the current Headquarters in Windsor are both scheduled to close at the end of April 2009.
"These were difficult decisions to make, especially during these tough economic times," said Cozza. "We have a plan in place to provide a smooth transition for our employees and we will work very closely with our dealers and customers to ensure there is no disruption in service."
About Chrysler Financial
Chrysler Financial offers a complete line of world-class automotive financial products and services for both retailers and consumers of Chrysler, Jeep® and Dodge vehicles. In addition, Chrysler Financial offers vehicle wholesale and consumer financing to all 453 Chrysler, Jeep, Dodge retailers. As an industry leader in automotive financing, Chrysler Financial provides its customers with the most innovative and efficient methods of doing business. For more information on Chrysler Financial visit www.chryslerfinancial.ca.