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- Group 1 eager for more acquisitions as profits rise
Store acquisitions slowed during the third quarter for Group 1 Automotive Inc., but CEO Earl Hesterberg is still working to put deals together.
Переслать - AutoNation Q3 net income rises on record FandI business
Higher volumes and record finance-and-insurance income counteracted a slipping new-vehicle margin to help AutoNation to a 15 percent jump in total profits in the third quarter.Переслать - Tenneco stock up 14% after Q3 profits rise
Tenneco reported strong quarterly adjusted profits, sending the emission- and ride-control parts maker's share price up more than 14 percent, but it signaled that it will sustain losses in Europe due to slow auto sales there.Переслать - Ford to close 2 U.K. plants, says 2012 European losses will top $1.5B
Ford said it will reduce production capacity in Europe by 18 percent, or 355,000 vehicles, and cut 6,200 jobs to bring its European operations back to profit. It warned its European operations would lose in excess of $1.5 billion for 2012.Переслать - October U.S. sales predicted to rise 11% with 14.8M annual rate
Light-vehicle sales in the United States will rise 11 percent to 1.13 million units in October from a year earlier, J.D. Power and Associates predicted today. October's seasonally adjusted annual selling rate is expected to be 14.Переслать - Toyota targets 20% October U.S. gain on Camry, Prius sales
Toyota, rebounding in the United States after four years of falling sales, may report a 20 percent rise in October deliveries on demand for Camry sedans and Prius hybrids, a group vice president said.Переслать - Cadillac, as it goes global, shifts more ad dollars to digital
As General Motors attempts to take the Cadillac brand global, its ad spending is going digital.Переслать - Scion launches small-business incubator
Toyota Motor's Scion youth brand is launching a small-business incubator competition for young people full of ideas but short of cash.Переслать - Hyundai posts $2 billion Q3 profit on gains from anti-Japan protests
Hyundai said its third-quarter profits gained 13 percent as it benefited from anti-Japan protests in China and the i10 minicar helped the company buck the economic slump in Europe. Third-quarter net income climbed to 2.Переслать - GM powers up redesigned V-8 engine for 2014 Corvette
The next-generation Chevrolet Corvette will be powered by a new 6.2-liter small-block V-8 that will produce more horsepower and torque than the current engine and deliver better fuel economy, General Motors said today.Переслать
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