PSA's Tavares says Opel deal would find 'speedy' savings

PSA's proposed acquisition of Opel would swiftly create savings and value for both companies, PSA CEO Carlos Tavares said. PSA could attract new customers currently reluctant to buy French cars, while generating savings from shared technical underpinnings, he said.

KAR Auction's Q4 net income drops despite gain at ADESA
UPDATED: 2/22/17 4:17 pm ET - adds stock close

ADESA parent company KAR Auction Services reported a 5.8 percent decline in fourth quarter net income on higher service costs and selling and

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