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- Ford Motor Posts 2025 Loss of $8.2B on Record Revenue
- Goodyear Tire & Rubber Company Posts 2025 Loss of $1.7B
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- Stellantis €22.2B Charges. Dividend Cancelled. Stock Tanks
- Toyota Motor Posts Q3 FY 2026 Net Income of $7.6 billion
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Penske Automotive Group 2024 Q1 Earnings Drop
“Our retail automotive service and parts revenue grew 9% to a quarterly record of $746 million. During the quarter, we experienced a recovery across our used vehicle retail automotive operations with profitability improving sequentially by $428 per unit retailed. Further, I was pleased with our focus on controlling costs as selling, general, and administrative expenses as a percentage of gross profit improved by 30 basis points sequentially to 70.7%,” said Roger Penske Chair and CEO. Continue reading →