chrysler financial

It's still hard to diagnose how the overall economy will fare in 2011. But the signs for at least one area all seem to be pointing up: car sales. Analysts predict the number of vehicles sold next year will rise 10% to 23% above that of 2010.

Canada's second largest bank and private equity firm Cerberus Capital Management plan to buy automotive financial products and services company Chrysler Financial for approximately $6.3 billion in cash.

Toronto-Dominion Bank (TD) is in talks to buy Chrysler Financial Corp. for as much as $7 billion, Bloomberg News said. Toronto-Dominion may reach an agreement with Cerberus Capital Management, the owner of the auto-loan company, as soon as this week, Bloomberg News reported without naming its...

November is a notoriously weak month for auto sales. So it's perhaps a bit surprising that several carmakers reported either increased or steady sales last month, despite concerns among analysts and others that last summer's "cash for clunkers" program would merely rob sales from the months to...