Government stimuli is creating positive momentum for the beleaguered U.S. auto industry and should continue, says Chrysler LLC Vice Chairman and President Jim Press. The $1.5 billion delivered in January from Washington’s Troubled Asset Relief Program to Chrysler Financial, the auto maker’s prime consumer lending source, “flowed right into the market” last month, Press says. Compared with prior-year, Chrysler’s February sales plunged 41.8% on 83,650 deliveries, according to Ward’s data, ...
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