Lexus

Group 1’s Q2 profits flat, hit by storm expenses

Group 1 Automotive’s net income rose 0.6 percent in the second quarter to $46.6 million, largely buoyed by its parts and service and finance and insurance operations. Its new-vehicle retail sales in the U.S. declined, but profits per unit retailed rose.

Penske Automotive's Q2 net slips 0.7% on currency, interest costs.

Penske Automotive's net income in the second quarter eased 0.7 percent from the year-earlier quarter to $95.0 million, on currency losses and higher floorplan and other interest costs.

TOYOTA: Tight supplies dent truck tally as volume falls 5.6%

Toyota Motor Sales USA's June sales fell 5.6 percent to 198,257 units, dragged down by a slide in Toyota brand's sales of both cars and light trucks.

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