Auburn Hills, Michigan – Chrysler Financial has announced that it has received access to up to US$1.5 billion in loans from the U.S. Department of Treasury’s Troubled Asset Relief Program (TARP).

The funds will provide the necessary liquidity to support its retail finance program, the company said.

“We appreciate the Treasury Department’s support and their commitment to increase the availability of financing for consumers,” said Thomas Gilman, vice-chairman and CEO of Chrysler Financial. “This funding will provide us with increased capacity to help Chrysler LLC and our dealers make new loans available to qualified consumers, and sell more cars and trucks.”


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