Asbury Q2 net income falls 11%

Asbury Automotive Group's net income in the second quarter dropped 11 percent to $36.7 million, the company said today as both new- and used-vehicle sales dropped. Revenue dipped 4 percent to $1.627 billion. Asbury said the drop was due mainly to “strategic divestitures” of select dealerships in the second half of 2015.

Mobileye says Tesla contract won't be extended; tech supplier posts 76% gain in Q2 profits
UPDATED: 7/26/16 11:32 am ET - adds details

Mobileye NV, an Israeli maker of driving-assistance chips and software, posted a surge in second-quarter earnings and revenue, but said its contract

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