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CORRECT:WSJ:AutoNation CEO Says GM To Get Sales Boost From AmeriCredit

("WSJ:AutoNation CEO Says GM To Get Sales Boost From AmeriCredit," published at 10:27 a.m. EDT, incorrectly reported AutoNation's earnings per share. A corrected version follows.) By Neal E. Boudette Of THE WALL STREET JOURNAL The chief executive of AutoNation Inc. (AN) said on Thursday he expects General Motors Co. (GM) to get a lift in U.S. vehicle sales as a result of the auto maker's acquisition of lending company AmeriCredit. "It will absolutely boost their [new-vehicle] sales," CEO Michael J. Jackson said in an interview. AutoNation is the country's largest chain of auto dealerships and operates 51 stores selling GM vehicles. "It gives me a lot of confidence around GM." The AmeriCredit deal, he added, "is going to make at least a 10% to 15% difference in [GM sales] volume. GM is losing customers even today because of lack of credit among sub-prime customers." (This story and related background material will be available on The Wall Street Journal Web site, WSJ.com.) Earlier on Thursday, AutoNation reported net income up 29% at $47.2 million, while earnings per share jumped 38% to 29 cents a share. The Ft. Lauderdale, Fla., company purchased 20.9 million of its own shares during the second quarter, and allocated $250 million for additional share purchases.

Stock News for Autonation (AN)
DateTimeHeadline
04/29/201615:20:00AutoNation to Give TrueCar Services Another Chance
04/28/201618:35:00U.S. GDP Growth Falters Amid Business Caution -- 3rd Update
04/22/201617:24:04Quarterly Report (10-q)
04/22/201615:08:00AutoNation Profit Slumps on Incentives, Hail Costs -- 2nd Update
04/22/201609:59:00U.S. Hot Stocks: Hot Stocks to Watch
04/22/201608:50:00AutoNation Profit Slumps on Incentives, Hail Costs -- Update
04/22/201608:20:00AutoNation Profit Slumps on Incentives, Hail Costs
04/22/201608:10:00AutoNation Profit Slumps on Incentives, Hail Costs
04/22/201607:35:00AutoNation Profit Slumps on Incentives, Hail Costs
04/22/201607:23:48Current Report Filing (8-k)
04/22/201607:00:00AutoNation Reports First Quarter 2016 Results
04/05/201607:30:00AutoNation Announces First Quarter 2016 Earnings Conference Call...
03/29/201607:23:26Additional Proxy Soliciting Materials (definitive) (defa14a)
03/29/201607:15:41Proxy Statement (definitive) (def 14a)
03/03/201618:52:15Statement of Changes in Beneficial Ownership (4)
02/19/201616:33:11Current Report Filing (8-k)
02/19/201616:24:00AutoNation Authorizes Additional $250 Million for Share Repurchase
02/19/201616:21:00AutoNation Names Karen C. Francis to Board of Directors
02/17/201616:45:56Current Report Filing (8-k)
02/16/201606:11:13Amended Statement of Ownership (sc 13g/a)

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