LOS ANGELES, Nov 15 (Reuters) - National City Corp. said on Tuesday that it plans to leave the indirect retail auto and motorsports lending business, citing continued low returns and volume challenges.
The company said it will incur about $40 million of incremental charges in the fourth quarter, primarily asset write-downs and employee severance.
In addition, National City said it is incurring costs associated with the initial implementation of its ongoing "best in ...
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