Chrysler wary of GM’s plan to reclaim its lending unit

FROM WASHINGTON POST: Chrysler’s chief executive raised concerns Thursday about reports that rival General Motors is interested in buying back its former automobile financing business, now known as Ally Financial.

Sergio Marchionne told reporters that Chrysler was wary of being at a disadvantage in offering lease and loan deals. Ally, formerly GMAC Financial Services, is the preferred lender for both GM and Chrysler after the Obama administration wound down Chrysler’s lending arm. MORE»