Chrysler Dealerships Nearly Bankrupt Chrysler’s Fund for Loans

When Chrysler announced that it might have to declare bankruptcy, its dealerships rushed to acquire loans from its finance division to the tune of $60 million a day, strapping Chrysler for $1.5 billion since July.

The CEO of Chrysler Financial, Thomas Gilman, asked for an end to the “troubling” requests and told dealers to only apply for funds if they truly needed them to stay in business.

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