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JPMorgan unit inks auto financing arrangement with Maserati North America

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JPMorgan unit inks auto financing arrangement with Maserati North America

Chaseand Maserati North America Inc. entered into an auto financing agreement,whereby Chase becomes the exclusive private-label financial provider to morethan 100 Maserati dealerships in the U.S., according to an April 5 news release.

Chase will provide commercial lending and treasury servicesfor Maserati dealers, while the automaker's newly created financial brand,Maserati Capital USA, will provide both dealers and buyers with customizedfinancing solutions, including retail financing and leasing for consumers, therelease added.

Chase is the U.S. consumer and commercial banking businessof JPMorgan Chase & Co.