With more than $25 billion of financing at stake, Chrysler’s retail and floorplan business has sparked interest from some of the nation’s largest lenders. Among the contenders are Ally Financial Inc., Chase Auto Finance, GE Capital Corp., Santander Consumer USA, US Bancorp, and Wells Fargo & Co.

Chrysler CEO Sergio Marchionne has opened the bidding for two possible scenarios: a captive-type joint venture or a private-label lending arrangement.

Here’s a look at the…

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Despite a $4 billion loss since exiting bankruptcy last year, Chrysler Group LLC is on the rebound.



The company, under management control by Italy’s Fiat SpA, posted a $143 million operating profit for the first quarter, compared with an $895 million loss for the June through December 2009 period.



Fiat CEO Sergio Marchionne expects Chrysler to hit all the strategic targets outlined last November, including breaking even on an operational basis and selling 1.1 million cars… Continue

Chrysler Group LLC is on track to break even this year — and could possibly generate a profit, CEO Sergio Marchionne told reporters at an auto forum in New York this week.



Marchionne expects Chrysler to sell 1.1 million vehicles in the U.S. this year, up from 931,000 last year. The anticipated sales will come without aggressive incentives, which Marchionne deems “unwise and unhealthy.”



"It takes a long time to build brand equity," he said. "We can't risk… Continue