Chrysler pulling out of New York lease market

Newswire

DETROIT, March 25 (Reuters) - DaimlerChrysler's Chrysler division, following recent moves by other automakers, on Thursday said it will no longer offer leasing deals in the state of New York. Chrysler, citing what it described as New York's "antiquated" liability law, said its exit from the lease market there would take effect May 1. Under existing New York law, the owner of a motor vehicle, the manufacturer or a designated finance company in the case of most leasing agreements, is held ...

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