Chrysler to let Ally Financial deal expire-filing

Newswire

DETROIT, April 25 (Reuters) - Chrysler Group LLC will not renew its auto financing pact with Ally Financial Inc as part of the No. 3 U.S. automaker's effort to take better advantage of the growing U.S. auto market, according to a securities filing on Wednesday. The automaker, which is majority-owned by Italian automaker Fiat SpA, is in talks with a number of banks, including Ally, for a broader and more attractive set of financing options. "We are currently pursuing various ways to optimize ...

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