USA: Chrysler sees signs rebates are peaking - report
The Chrysler unit of DaimlerChrysler, which forecast a $US1.2 billion second-quarter loss because of high rebate costs, sees signs that the industry's need for discounts has peaked, Joe Eberhardt, the top Chrysler sales executive told Bloomberg News. The number of people shopping for cars may be rising after several years of declines, and more buyers would mean fewer of the rebates and low-interest loans needed to spur sales, Eberhardt told the news agency in an interview at Chrysler's Auburn Hills headquarters.
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