LANSING, Mich. — Chrysler Corp. along with eight more states are joining General Motors Corp. in the Michigan Credit Union League's auto financing program on price discounts and low rate loans, it was announced Tuesday.

In a media teleconference, David Adams, president/CEO of the trade group, along with a Chrysler vice president, Edward Broadbeer, said the Detroit automaker would become a "partner" in the "Invest in America" program offering CU member price cuts, rebates and low rates on Chrysler brands in line with the GM program announced last week.

One caveat in the Chrysler plan was that to be eligible for the $500-$1,000 incentive discounts for vehicle purchase, eligible members must take out the loan at a participating CU in any one of 12 states.

Continue Reading for Free

Register and gain access to:

  • Breaking credit union news and analysis, on-site and via our newsletters and custom alerts.
  • Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders.
  • Educational webcasts, white papers, and ebooks from industry thought leaders.
  • Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, GlobeSt.com and ThinkAdvisor.com.
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.