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chrysler financial

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    Official: Chrysler reports $212M third quarter earnings
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    Chrysler earned a net income of $212 million during the third quarter of 2011. That figure marks a significant improvement over the same period last year, when the company posted a net loss of $84 million. Chrysler notes that its modified operating profit more than doubled compared to the third ...

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    Breaking: Chrysler repays the rest of its federal loans... are SUVs to thank?
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    It's Official: Chrysler has announced that it has repaid its multi-billion dollar obligations owed to both the United States and Canadian governments. Adding up both loans plus interest, Chrysler has just shelled out a tidy $7.6 billion. The U.S. receives $5.9 billion and Canada will get $1.7 ...

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    Report: Chrysler Financial purchased by TD Bank for $6.3B
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    Toronto Dominion Bank has officially agreed to acquire Chrysler Financial. Cerberus Capital Management, the current owner of the Pentastar's lending arm, will receive $6.3 billion from TD Bank in the deal. That figure marks a $900 million loss compared to the $7.4 billion that Cerberus paid for ...

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    Report: Toronto-Dominion Bank may buy Chrysler Financial from Cerberus by week's end
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    According to Bloomberg, Chrysler Financial may have a new owner in the near future. Canada's Toronto-Dominion Bank may be set to make a deal with Cerberus Capital Management, which still owns the Pentastar's loan arm despite stepping away from its role as owners of Chrysler's carmaking operations. ...

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    Chrysler Financial to begin lending once again for Chrysler vehicles?
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    Chrysler Financial hasn't been doing a whole lot since the domestic automotive implosion of aught-nine. When the Obama Administration's Automotive Task Force found that the lender didn't have the wherewithal to continue making large loans to dealers, GMAC was forced to take over lending duties for ...

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    Chrysler posts financial results, loses $197 million in first quarter
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    Chrysler just released its first financial report since emerging from bankruptcy last year. The company announced that while it's still operating at a net loss of around $197 million, it somehow managed to create $1.5 billion in cash during the first three months of 2010. That cash, along with an ...

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    REPORT: Chrysler could lose up to 145 more dealers because they can't get financed
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    Chrysler's dealers haven't yet entered the portion of the game wherein they can catch a break. As if the dearth of inventory and lack of new vehicles weren't enough, nearly 150 dealers haven't been able to finalize floorplan financing. Since Chrysler Financial has exited that business, GMAC ...

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    REPORT: Chrysler Financial to wind down by 2011, executive pay, well, not so much
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    Cerberus submitted its plans for Chrysler Financial to the U.S. Treasury, and then in an announcement that came as a surprise to Cerberus itself, the Treasury said that Chrysler Financial would be shutting down by December 31, 2011. The lending arm paid back its $1.5 billion loan from the ...

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    REPORT: Chrysler Financial repays $1.5B in government loans
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    According to a variety of reports, Chrysler Financial has reimbursed the $1.5 billion it was loaned on January 16 through the Treasury Department's Troubled Asset Relief Program (TARP) – making Chrysler's financial arm the first auto-sector company to pay back its government loans.Chrysler ...

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    Autoblog Podcast #124
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    Click above for the Autoblog Podcast in iTunes, RSS or listen now!
    Chris, Sam and Dan kick it again for Episode #124 of the Autoblog Podcast. This time, we touch on Toyota's competitive Prius price posturing, the Shanghai Motor Show, where Chinese automakers are finding their design footing, and ...

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