Updated from Wednesday, Sept. 16

DETROIT (

TheStreet

) -- After more than a year-long sabbatical,

TST Recommends

Chrysler

will start leasing cars again, and it will do so through

GMAC

, the former financial-services arm of biggest rival.

It's like some kind of mash-up of the Old Detroit, which is a pretty good definition of the New Detroit.

Chrysler, now more of an Italian company after most of its assets were subsumed by

Fiat

(FIATY)

in this summer's bankruptcy workout, said it will offer leasing options in the U.S. on all its 2010 models starting Thursday, with leases underwritten by GMAC, which only restarted restarted its own leasing program for certain

GM

models.

Chrysler has used GMAC as its financing arm since the bankruptcy restructuring.

Chrysler said it will offer "special" leasing rates on several models, including the Town & Country and Dodge Grand Caravan minivans, through Sept. 30.

-- Written by Scott Eden in New York

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Scott Eden has covered business -- both large and small -- for more than a decade. Prior to joining TheStreet.com, he worked as a features reporter for Dealmaker and Trader Monthly magazines. Before that, he wrote for the Chicago Reader, that city's weekly paper. Early in his career, he was a staff reporter at the Dow Jones News Service. His reporting has appeared in The Wall Street Journal, Men's Journal, the St. Petersburg (Fla.) Times, and the Believer magazine, among other publications. He's also the author of Touchdown Jesus (Simon & Schuster, 2005), a nonfiction book about Notre Dame football fans and the business and politics of big-time college sports. He has degrees from Notre Dame and Washington University in St. Louis.