Chrysler won't offer auto leases through lending arm: report

[MoneyGuy]

SAN FRANCISCO (MarketWatch) -- Chrysler LLC will no longer offer auto leases through its lending arm Chrysler Financial, The Wall Street Journal reported in its online edition Friday, citing people familiar with the matter. Auto makers and their financing units have been hit with increasing losses stemming from leases, mostly as a result of falling resale values of trucks, sport utility vehicles and other less fuel-efficient models that many consumers now shun, the newspaper said. The auto maker is expected to brief dealers formally later Friday in a conference call.

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