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Fiat Chrysler Automobiles NV (FCA) 500 subcompact vehicles sit on display for sale on the lot of the AutoNation FIAT South Bay dealership in Hawthorne, California, U.S., on Saturday, Jan. 2, 2016. Ward's Automotive Group is scheduled to release U.S. monthly total and domestic auto sales on Jan. 5.Photographer: Patrick T. Fallon/

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By Gabrielle Coppola, Felice Maranz, and Tommaso Ebhardt

June 1, 2018 at 3:03 PM UTC

This article is for subscribers only.

Fiat Chrysler Automobiles NV plans to form its own financing business in the U.S. and has started discussions with partner Santander Consumer USA Holdings Inc., which it has an option to buy out.

That would allow Fiat Chrysler to “participate more fully in capturing value from emerging platforms,” Chief Financial Officer Richard Palmer said Friday in a presentation near Turin, Italy, confirming a Bloomberg report earlier in the week that the automaker was considering such a plan.