Sales

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.


GM banks on Chinese vehicle family to boost Brazil sales

GM is planning for long-term profitability in South America built on the back of draconian cost cutting during Brazil's recession and the same low-cost vehicles it is developing for Chinese markets.


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