Tag Archives: Brexit

Penske Automotive Reports Record Q3 Results

Posted on 26 October 2016 by Ken Zino

Our business continued to perform well in the third quarter, producing another quarter of record results despite the translation effects from foreign currency headwinds,” said Penske Automotive Group Chairman Roger S. Penske. Continue reading →

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Brexit Automaker Winners, Losers – Predictable and Surprising

Posted on 12 July 2016 by Ken Zino

To state the obvious, new investment in the UK – expansion of current manufacturing or new capacity – for manufacturers with viable alternatives in the EU appears unlikely until the current uncertainty diminishes. This economic chaos could last for years. Continue reading →

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‘Bloody Hell,’ What Does Brexit do to Automakers?

Posted on 24 June 2016 by Ken Zino

The uncertainty does not bode well for Ford Motor Company or General Motors, both with struggling European operations. Both were ashen silent today. Continue reading →

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