Toronto-Dominion Clinches Deal for Chrysler Financial

December 21, 2010, 10:35 am

By THE NEW YORK TIMES

From our colleagues at DealBook:

Toronto-Dominion Bank on Tuesday agreed to buy Chrysler Financial from the private equity firm Cerberus Capital Management for $6.3 billion.

The deal comprises “net assets of $5.9 billion and approximately $400 million in goodwill.”

TD Bank, Toronto-Dominion’s United States subsidiary, will acquire Chrysler Financial in the United States, and Toronto-Dominion will acquire Chrysler Financial in Canada.

“This transaction represents a unique opportunity to purchase a great organic growth platform at an attractive price,” said Ed Clark, chief executive of Toronto-Dominion. “This acquisition will allow us to leverage our lending expertise and financial strength to expand our presence in a large North American market with tremendous potential upside.”

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New Chrysler minivans coming for Christmas

10: 36 pm | Update

New Chrysler minivans, 2011 Dodge Grand Caravan and Chrysler Town & country, will be "runoff in dealerships in time for Christmas," said Ralph Gilles, who is the President and CEO of Dodge and the Vice-President of design for the Chrysler Group.

In February, the company implement a "van the man" officially known as the Dodge Grand Caravan RT with 'worst performance', he said.

Vans have been reworked outside and in. Grand Caravan sport is head of the RAM.It now offers the grille "split cross".

Both models will be the new Pentastar Chrysler, which is in Chrysler 13 products this fall V-6 engine .c ' is in the Jeep Grand Cherokee, but it has been configured for the minivan, said Mr. Gilles.It is listed on horses 283 and 260 pounds-feet of torque.

"Our strategy is to have an engine for the 3.3, 3.8 and 4 are replaced by a motor of this, a declared Mr. Gilles."The beauty of this engine is it gets better economy than our previous smaller motor fuel and nearly 100 horses.?

The two have auto box 6 speeds;4-speed is gone.

Vans will be mode Eco changing joystick gases and the transmission of the answers, says.

There are a few new names level Grand Caravan toppings have consumers getting à.Il is now the community express crew and R/t, which will be in competition with of Toyota Sienna.

An airbag knee that theirs was also brings the number of airbags to seven.

Stow seats ' n go have been redesigned to cushions which are "much more comfortable", said Mr. Gilles.Et there is now a touch based trick to make seats easier to use.

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2011 Dodge Challenger is 305-HP new Chrysler V-6 version

Source: TheCarConnection.com, October 21, 2010

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Chrysler tries to make a small group train maintenance spare and it is done in a manner which should allow individual automobile constructor dé?u.Le already implemented its new Pentastar V - 6 in 2011 Jeep Grand Cherokee and engine, Chrysler said, "will" be progressively gradually seven engines inherited from V - 6 ranging from 2.7 - litre up to 4.0 - litre in the current product portfolio.""

The new engine will soon be available in the Chrysler Town & country, Chrysler 200, 300 Chrysler, Dodge Charger, Dodge Avenger, Dodge Durango and Dodge Journey.

Now it was announced that the 2011 Dodge Challenger will be the first to get a...

Read more: 2011 Dodge Challenger is 305-HP new Chrysler V-6 version

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