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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, 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)
10/02/201506:49:27Current Report Filing (8-k)
10/02/201506:30:00AutoNation Announces Reported Retail New Vehicle Unit Sales of...
10/01/201508:00:00AutoNation Announces Third Quarter 2015 Earnings Conference Call...
10/01/201507:00:00Gabelli & Company’s 39th Annual Automotive Aftermarket Symposium
09/24/201507:00:00Gabelli & Company’s 39th Annual Automotive Aftermarket Symposium
09/21/201516:28:52Current Report Filing (8-k)
09/18/201506:09:25Prospectus Filed Pursuant to Rule 424(b)(5) (424b5)
09/16/201519:54:00AutoNation Announces Pricing of $750 Million Aggregate Principal...
09/16/201517:29:35Free Writing Prospectus - Filing Under Securities Act Rules 163/433...
09/16/201509:10:24Prospectus Filed Pursuant to Rule 424(b)(5) (424b5)
09/16/201508:53:44Current Report Filing (8-k)
09/11/201517:09:49Current Report Filing (8-k)
09/11/201517:00:00AutoNation Authorizes Additional $250 Million for Share Repurchase
09/08/201508:50:00AutoNation Won't Sell Cars With Open Safety Recalls
09/08/201507:19:52Current Report Filing (8-k)
09/08/201507:00:00AutoNation Sets Auto Retail Industry Standard with Recall Policy
09/03/201517:12:24Statement of Changes in Beneficial Ownership (4)
09/03/201517:11:57Statement of Changes in Beneficial Ownership (4)
09/03/201517:11:57Statement of Changes in Beneficial Ownership (4)
09/03/201517:11:32Statement of Changes in Beneficial Ownership (4)

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