WASHINGTON — U.S. Congresswoman Candice Miller (R-Mich.) and National Automobile Dealers Association (NADA) chairman John McEleney have undertaken separate campaigns to extend a program designed to provide floorplanning credit to Chrysler dealerships.
Up to 140 dealerships will be adversely affected when the initial six-month term ends on Nov. 15. The program began after GMAC became Chrysler’s captive lender in the wake of the OEM’s May bankruptcy filing. The facilitation of interim floorplan financing was part of an agreement between the two companies, the Obama administration and Chrysler Financial, which will cease operations in 2011.











