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As the automakers financing groups GMAC, Ford Credit and Chrysler's car financing arm see a deterioration in their condition, dealers are facing a squeeze too. The loans and financing previously available are being phased out for some dealers. The situation as the auto industry in Detroit faces the need for a government led bailout and the planned bankruptcy filings for GM and Chrysler.
Grouped Articles
GM Seeks Partners for Car Loans
Wall Street Journal 06/24/2010
Tight Credit Puts Squeeze On Big Three Auto Dealers
Wall Street Journal 08/28/2008
Wall Street Journal 01/11/2011
For Car Dealers, a Bleak Lot Brightens
Wall Street Journal 02/23/2011
GMAC: Is GM Selling Its Seed Corn?
BusinessWeek 04/04/2006
On the Road to Detroit's Big Pileup
New York Times 10/01/2011
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