Porsche

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.

Porsche to skip 2017 Detroit auto show
UPDATED: 7/26/16 5:13 pm ET - adds Chicago detail

Porsche will skip the Detroit auto show next year as part of plans to focus on trade shows in New York and its most important U.S. market for sports

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