The Lease is up at Chrysler Amid Horrific loses on residuals and the credit crunch.
Auto Lease write downs drive a 2.5 billion dollar loss at GMAC.
Ford posts a 2nd quarter 8.7 billion dollar loss, based on asset write downs largely due to Ford Motor Credit’s large lease portfolio.
BMW seeks to drop their lease penetration below 60%.
Honda Motor Co. said it expects falling residual values of big used vehicles in the
United States to shave another 25 billion yen from its operating profit in the year to March 2009.
What happened, what went wrong?
