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CHRYSLER CREDIT CORPORATION TO PROVIDE AUTOMOTIVE FINANCING SERVICES TO PORSCHE CREDIT CORPORATION

CHRYSLER CREDIT CORPORATION TO PROVIDE AUTOMOTIVE FINANCING SERVICES
 TO PORSCHE CREDIT CORPORATION
 SOUTHFIELD, Mich., Jan. 6 /PRNewswire/ -- Chrysler Credit Corporation, a subsidiary of Chrysler Financial Corporation, has entered into an agreement to provide automotive financing services to Porsche Credit Corporation.
 Porsche Credit is the financial services arm of Porsche Cars North America, headquartered in Reno, Nev.
 Jeremiah E. Farrell, president of Chrysler Credit, said that under terms of the new agreement, financing for consumer retail and lease contracts will be provided by Porsche Credit. Purchasing and servicing of these automotive receivables will be provided by Chrysler Credit's home office staff and its U.S. field organization under a fee arrangement.
 Chrysler Credit currently has more than 90 branch offices in 44 states and the District of Columbia. At the end of the third quarter, Chrysler Credit was servicing $26.9 billion of automotive receivables covering both Chrysler and non-Chrysler dealers.
 -0- 1/6/92
 /CONTACT: R.B. Heath of Chrysler Credit Corp., 313-948-3890/
 (C) CO: Chrysler Credit Corporation; Porsche Credit Corporation ST: Michigan IN: FIN AUT SU: FNC


ML -- DE002 -- 6767 01/06/92 09:10 EST
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Publication:PR Newswire
Date:Jan 6, 1992
Words:187
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