Santander and Stellantis will let their partnership expire at the end of 2025
Santander is wrapping up its partnership with Stellantis at the end of 2025, Santander CFO Erik Laney said at the Auto Finance Summit East conference.
In 2013 Chrysler Capital was form as a Joint Venture between Santander and Chrysler Group where Santander paid a Chrysler Group royalty fee on Loan/Lease portfolio performance.
During the 2018 Capital markets day,Sergio express desire to created A In-House Captive Financing Company for the U.S.
In 2021 ,Stellantis purchase First Investors Financial Services Group (renamed Stellantis Financial Services)for $285 million
and in 2023, Stellantis allowed the remaining Ally deal to expire.