Chrysler's financial arm to stop leasing vehicles

Newswire

DETROIT, July 25 (Reuters) - Chrysler LLC's financial arm is planning to stop offering vehicle lease options to U.S. consumers and would focus on financing retail vehicle purchases, spokesman Bill Porter said on Friday. "We are shifting our strategy to focus on retail products," he said. "Effective August 1 we will no longer offer lease products in the United States." (Reporting by Poornima Gupta, editing by Phil Berlowitz)

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