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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 dilute
Apr 28, 2012

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
Apr 28, 2012
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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
Apr 28, 2012
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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 perf
Apr 27, 2012

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
Apr 27, 2012
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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
Apr 27, 2012

VW Credit, Inc. Celebrates Expansion of Libertyville Facility, Plans to Create 150 New Jobs

LIBERTYVILLE, Ill. — VW Credit, Inc. (VCI), a subsidiary of Volkswagen Group of America Inc., recently broke ground for a 30,000-square-foot expansion of its Libertyville facility. The multimillion-dollar expansion, to be completed early next
Apr 27, 2012

Ally Financial Reports Preliminary First Quarter 2012 Financial Results

NEW YORK — Ally Financial Inc. (Ally) recently reported net income of $310 million for the first quarter of 2012, compared to a net loss of $206 million in the prior quarter and net income of $146 million for the first quarter of 2011.  The
Apr 27, 2012

Asbury Automotive Group Reports Finance and Insurance Revenues up 21%

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 dilute
Apr 26, 2012