Penske Q1 net soars behind broad gains

First-quarter net income at Penske Automotive Group soared 31 percent to $108 million, powered by profit gains across all areas of the auto retailer's business.


Ford simplifies vehicle distribution network in China; names new leaders

Ford said it's reorganizing its operations in China by simplifying its distribution network and appointing new leaders to replace the CEO who abruptly left in January.


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