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Chrysler expands lease offers under new pact with U.S. Bank Chrysler Group has taken another step toward reviving its leasing business by signing an agreement to offer leasing through U.S. Bank. The automaker announced the arrangement in an e-mail to dealers today. Aisin appoints new president of North America operations Toyota-affiliated supplier Aisin Seiki Co. Ltd. has appointed Masayasu 'Mike' Saito as president of its North American operations, company spokesman Joe Rohatynski said today. Saito's responsibilities include Aisin World Corp. Navistar profits top analyst expectations, but outlook lowered Truck and engine maker Navistar International Corp. posted higher-than-expected quarterly profits on strong sales of armored fighting vehicles to the U.S. military, but overall sales fell short of forecasts. VW will extend Winterkorn's contract, union chief says VW's supervisory board plans to extend CEO Martin Winterkorn's contract, said Bernd Osterloh, head of the carmaker's works council. Winterkorn, 63, has vowed to surpass Toyota in sales and profitability by 2018. NADA Guides' new iPhone site enables car shoppers to find, price vehicles NADA Guides -- tapping into growing consumer demand for shopping tools and information on the go -- has developed an iPhone site to help car shoppers find and price a new vehicle. GM's OnStar said to consider free services, targeting Ford General Motors Co.'s OnStar in-car communications unit may offer some free services next year to rival Ford Motor Co.'s Sync music and information system, two people familiar with the plans said. Nissan to create new car brand with Chinese partner Nissan Motor Co. plans to introduce a new passenger-car brand in Chinese market with its local partner to help meet demand for cheaper models. The Japanese company and Wuhan, Hubei-based Dongfeng Motor Group Co. Chevy will debut sporty Aveo in Paris Chevrolet has given its new Aveo subcompact car a sporty look aimed at capturing young buyers. The General Motors Co. unit will unveil its latest Aveo as a production debut at the Paris auto show later this month. Hecker pleads guilty to conspiracy, bankruptcy fraud Former auto dealer Denny Hecker pleaded guilty to conspiracy and bankruptcy fraud this afternoon in Minneapolis in a deal with prosecutors that dropped most of the charges against him. He could face up to 10 years in prison. Chrysler continues Dodge Nitro, Jeep Liberty production after supplier plant explosion Production at Chrysler Group's Toledo North assembly plant in Ohio continued today despite an explosion at the plant that supplies door modules to the operation. |