Dealer OPS & Leadership
Chrysler to Lease 33,000 Square Feet & Rename Historic Dime Building in Detroit Chrysler House
Detroit - Chrysler Group LLC announced that for the first time in its history, the Company will have an office presence in downtown Detroit. Chrysler Group will rename the historic Dime Building – Chrysler House – as it plans to move its Great Lakes Business Center...
Kelley Blue Book: April New-Car Sales Recovery Demonstrates Continued Strength At 1,148,000 Units, 14.0 Million SAAR
IRVINE, Calif. -- Kelley Blue Book www.kbb.com, the leading provider of new car and used car information, projects new-vehicle sales to reach 1,148,000 units, or 14.0 million seasonally adjusted sales rate (SAAR), in April 2012. This will account for a less than 1...
Group 1 Automotive, Inc. Parts and Service Revenues Increased 9.3%
HOUSTON -- Group 1 Automotive, Inc. (NYSE: GPI), a Fortune 500 automotive retailer, has reported record first-quarter 2012 net income of $23.1 million, a 49.1 percent increase, and record first-quarter diluted earnings per common share of $0.97, a 51.6 percent...
Asbury Automotive Group, Inc. Reports Parts and Service Gross Profit Up 7%
DULUTH, Ga. -- Asbury Automotive Group, Inc. (NYSE: ABG), one of the largest automotive retail and service companies in the U.S., has reported income from continuing operations for the first quarter 2012 of $18.0 million, or $0.57 per diluted share, versus adjusted...
Penske Automotive Reports Service and Parts Up 0.7%
BLOOMFIELD HILLS, Mich. --Penske Automotive Group, Inc. (NYSE:PAG), an international automotive retailer, announced the most profitable first quarter in Company history. First quarter 2012 income from continuing operations attributable to common shareholders increased...
AAA Study: Cost of Owning and Operating Vehicle in U.S. Increased 1.9%
ORLANDO, Fla. -- AAA released the results of its annual 'Your Driving Costs' study today revealing a 1.9 percent rise in the yearly costs to own and operate a sedan in the U.S. The average costs rose 1.1 cents per mile to 59.6 cents per mile, or $8,946 per year, based...
Ford Earns First Quarter Pre-tax Operating Profit of $2.3 Billion
DEARBORN, Mich., April 27, 2012 /PRNewswire/ -- Ford Motor Company [NYSE: F] reported 2012 first quarter pre-tax operating profit of $2.3 billion, or 39 cents per share, and net income of $1.4 billion, or 35 cents per share, led by strong performance in North America...
Ford Credit Earns $295 Million Net Income In The First Quarter Of 2012
DEARBORN, Mich.-- Ford Motor Credit Company reported net income of $295 million in the first quarter of 2012, compared with $451 million a year earlier. On a pre-tax basis, Ford Credit earned $452 million in the first quarter, compared with $713 million in the...
Kelley Blue Book: Rising Used-Car Values Aid New-Vehicle Sales
IRVINE, Calif. -- Kelley Blue Book www.kbb.com, the leading provider of new car and used car information, today reports that rising used-car values are aiding new-vehicle sales. According to Kelley Blue Book's Blue Book Market Report for April 2012...
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