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Chrysler Group LLC today announced the repayment of $7.6 billion in outstanding U.S. and Canadian government loans following the completion of new refinancing transactions.
Read More →Edmunds.com estimated that the average “True Cost of Incentives” from automotive manufacturers in the United States was $2,118 per new car sold in April 2011, down $250, or 10.6 percent, from March 2011, and down $515, or 19.6 percent, from April 2010.
Read More →Edmunds.com estimated that the average automotive manufacturer incentive in the U.S. was $2,530 per vehicle sold in January 2011, essentially unchanged from December 2010, but up $177, or 7.5 percent from January 2010.
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The new-car market in the United States experienced a gradual recovery in 2010, according JATO Dynamics, a provider of automotive intelligence.
Read More →Despite three automakers reporting sales gains and the world’s largest retail association predicting that December will see the biggest increase in spending since 2006, the Conference Board reported that consumer confidence dipped in the year-end month for the first time in two months.
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Visitors to this year’s L.A. Auto Show were treated to the debut of a number of new models and concept vehicles in the cavernous confines of the Los Angeles Convention Center. A few blocks to the south, another attraction awaited visitors: a “showcase” dealership that will house all four of Chrysler LLC’s vehicle brands, as well as a Mopar-branded service center and a FIAT franchise.
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Two years after leaving office, former President George W. Bush remains a harsh critic of the executives he believes led the U.S. auto industry down the path to self-destruction.
Read More →Chrysler Group LLC announced on Oct. 20 that it has begun selecting dealers who will represent the Fiat brand in the United States.
Read More →Chrysler Group LLC has selected Ally Financial to be the preferred financing provider for Fiat vehicles in the U.S. marketplace. Ally Financial will offer retail financing, leasing, wholesale financing, working capital and facility loans, and remarketing services to the new Fiat dealer network.
Read More →Chrysler Group LLC said Wednesday that it has entered into an agreement with U.S. Bank to provide consumer leases on select 2010 Chrysler, Dodge and Jeep vehicles.
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