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Financial squeeze on dealers as GMAC, Ford Credit and Chrysler's financing arm cannot provide same level of support.
04/04/2006
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.
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