Chrysler Group is likely to pursue an initial public offering of stock in “chunks” rather than one big offering and not until the second half of 2011, the company’s chief executive said Thursday.
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General Motors will once again have its own in-house financing unit starting Friday, when the auto giant closes on its $3.5 billion purchase of AmeriCredit. The new unit, to be renamed General Motors Financial, will allow GM to…
Demand for new cars and trucks should be better than it was a year ago. But expectations now are for lower sales than in August, itself unimpressive. That would leave autos stuck in a four-month-long rut.
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Nintendo slashed its forecast for the year, citing weak sales and stronger-than-expected appreciation of the Japanese yen. It also announced its new handheld 3-D video game console won’t be released until after the holiday seas…
Discount retailer Family Dollar posted a better-than-expected profit jump during the fourth quarter as it continues to lure budget-conscious shoppers into its stores. The company also announced plans to purchase $750 million of…