Mercedes execs to sample retail experience

About 40 Mercedes-Benz USA managers will each spend a week this summer working at a Mercedes-Benz dealership. New CEO Dietmar Exler mandated tours of duty to help his people see how the decisions they make in the home office play out in the real world.

Penske, Group 1 assess the damage

Penske Automotive and Group 1 Automotive took an immediate stock-price hit in the wake of Britain's vote to exit the European Union. Earnings will suffer from a collapsing British pound. But the longer-term impact remains unclear.

CarMax adds auction sites, eases registration

CarMax is adding auctions and making it easier for wholesale customers to register to buy cars and trucks at the company's 67 physical auction sites.

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