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Chrysler Financial repaid the TARP loan in July 2009 by raising funds from an asset-backed securitization through the Term Asset-Backed Securities Loan Facility program. [2] In December 2010, Toronto-Dominion Bank announced it would acquire Chrysler Financial for $6.3 billion from private equity firm Cerberus Capital Management. The company was ...
The Chrysler World Headquarters and Technology Center (CTC) is the North American headquarters and main research and development facility for the automobile manufacturer Stellantis. The 504-acre (204 ha) complex is located next to Interstate 75 in Auburn Hills, Michigan , a northern suburb of Detroit .
Vehicle leasing is the leasing (or the use) of a motor vehicle for a fixed period of time at an agreed amount of money for the lease. It is commonly offered by dealers as an alternative to vehicle purchase but is widely used by businesses as a method of acquiring (or having the use of) vehicles for business, without the usually needed cash outlay.
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On July 8, 2002, Tyco completed its divestment of its Tyco Capital business through an initial public offering, via the sale of 100% of the common shares in CIT Group Inc. [12] [13] In 2004, the company acquired the technology-leasing unit of GATX for about $200 million in cash.