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Penske buys more U.K. used-only stores

Penske Automotive Group will buy The Car People, a used-only retailer in the UK, nearly doubling its used-only operations in that market.

Autoliv expects to complete spinoff of electronics business next year

Autoliv expects the spinoff of its electronics business to be completed next year. Its airbag and seat belt business will operate under the Autoliv name.