Sales & Variable OPS
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...
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 year, will accommodate...
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 company reported core...
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 diluted share, versus adjusted...
Group 1 Automotive Finance and Insurance Gross Profit Per Retail Unit of $1,175 a Record First-Quarter Result
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...
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