AutoNation Inc. said today that its bottom line took a beating after a 15 percent drop in new-vehicle sales caused second-quarter profits to slip by a third. The dealership group said it earned $51.8 million in the second quarter, down from $77.
Continental AG will enter talks with Schaeffler Group on a higher bid without a price target, a source familiar with the matter told Thomson Financial News partner dpa-AFX.
Daimler AG cut its 2008 earnings outlook today, saying it would not be able to offset a global growth slowdown, rising raw material prices and the strong euro by selling more vehicles and cutting costs.
Ford Motor Co. said today its operations lost $1.38 billion in the second quarter as high gasoline prices drove consumers away from its big trucks. The company earned $258 million during the same quarter of 2007.
This time around, Edison, NJ was the destination and the New Jersey Exposition center was the venue where all the madness went down. Aside from the usual attractions at the shows, the Wheel Concept Auto and Bike event brought out some of it’s celebrity power with the likes of the New York Giants running back Brandon Jacobs, as well as ex NBA great, Jerome Williams, as well as some of the industry…
This time around, Edison, NJ was the destination and the New Jersey Exposition center was the venue where all the madness went down. Aside from the usual attractions at the shows, the Wheel Concept Auto and Bike event brought out some of it’s celebrity power with the likes of the New York Giants running back Brandon Jacobs, as well as ex NBA great, Jerome Williams, as well as some of the industry...  |
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