Chrysler in talks with Santander on new lending pact - report

Newswire

Nov 15 (Reuters) - Chrysler Group LLC, a unit of Fiat SpA , is in talks with Spain's Banco Santander SA to make the bank's U.S. unit its preferred lender, Bloomberg reported, citing people familiar with the matter. Chrysler entered into a 30-day negotiating period with the Spanish lender to replace the incumbent Ally Financial Inc , the agency said. () Early this year, Chrysler said that it will allow its pact with Ally Financial, the former lending arm of ...

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