Auto sales turned in a strong performance in September. “People seem to be saying, ‘It’s not as quite as scary anymore,'” says Arthur Wheaton, automotive analyst at Cornell University’s ILR School.
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General Motors reported Friday that overall vehicle sales in September 2010 climbed 10.5% on a year-over-year basis, based on strong demand for its new generation of crossover vehicles. Among its four core brands, GM sales rose…
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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