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Workers at a Warren pickup factory were sent home early Wednesday and told not to report today while the company waits for parts from a supplier affected by inclement weather, said Jodi Tinson, a Chrysler spokeswoman.

Output was also stopped at a Belvidere, Ill., plant that makes Dodge cars and Jeep SUVs, with work to resume on Friday, Tinson said. she wouldn’t say what caused that shortage, which involved a different supplier.

“We don’t expect any loss of production,” Tinson said. “We’ll find ways to make it up as we go.” she wouldn’t identify either parts maker.

Chrysler has been ramping up production as it tries to rebuild sales after exiting a government-aided bankruptcy reorganization in June. January output more than doubled to 88,623 from 39,315 a year earlier, the Auburn Hills-based company reported Feb. 3 on its Web site.

Honda to sell $1 billion in auto loan bonds

Honda plans to sell $1 billion of bonds backed by auto-loan payments, according to a person familiar with the transaction.

The bonds are being sold outside of the Federal Reserve’s Term Asset-Backed Securities Loan Facility, said the person, who declined to be identified because terms aren’t public. USAA Federal Savings Bank is also selling bonds backed by car loans without Fed aid.

TALF began last March to jump-start the market for bonds tied to consumer and small-business loans after sales of the debt plummeted 42% in 2008, choking off funding to banks and finance companies, according to data compiled by Bloomberg.

The TALF program attracts investors by providing Fed loans toward the purchase of top-rated securities. the program expires March 31. In recent months, investors have been increasingly using their own cash to buy the debt instead of taking out Fed loans.

The program helped spur $178 billion of securities sales last year, according to data compiled by Bank of America.

Volkswagen shares rise on capital increase talk

Volkswagen’s preferred shares rose the most in more than two months in Frankfurt, Germany, trading on speculation the majority of the shares from the capital increase planned in the first half of the year have been placed.

“There is speculation in the market that shares have been allocated already and traders have to cover their short positions,” said Andreas Lipkow, an equity trader at MWB Fairtrade Wertpapierhandelsbank in Frankfurt. “This rumor is making the Volkswagen shares rise.”

Volkswagen’s spokesman, Michael Brendel, declined to comment in a telephone interview.

The company’s preferred stock gained 4.4% to 59.10 euros Wednesday, marking its biggest rally since Dec. 1. the shares are down 10% so far this year.

Volkswagen shareholders approved the sale of as many as 135 million non-voting preferred shares in the next five years to help fund the purchase of Porsche’s carmaking operations, company spokesman Peik von Bestenbostel said Dec. 3.

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