Global

CarMax Q2 profit rises despite hit from Harvey

CarMax's net income rose 12 percent in its fiscal second quarter as the largest used-vehicle retailer in the U.S. saw only a "modest" loss of sales from Hurricane Harvey.


Ford explores strategic alliance with India's Mahindra

Ford Motor Co. and Indian automaker Mahindra and Mahindra Ltd. are exploring forming a strategic alliance as the U.S. automaker tries to gain a foothold in a country that's set to become the world's third-biggest car market.

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