Dealer: Chrysler unit yanked my credit by surprise

摘要

Minnesota megadealer Dennis Hecker is scrambling to cope after Chrysler Financial pulled the plug on his credit on Nov. 7. Asked whether a Chapter 11 filing is possible, Hecker's lawyer, Timothy Thornton, said, "Any and all options are under consideration." The credit line is critical because Chrysler Financial provided floor-planning for most of Hecker's dealerships and credit lines for his national leasing and rental-car business. Chrysler has "turned out the lights," says Thornton. Last week Hecker sued Chrysler Financial in U.S. District Court in Minnesota, saying the credit line was cut off without warning.