Financial News

Penske Automotive Group Inc., a diversified international transportation services company, announced record results for the third quarter, including the most profitable quarter in company history. For the three months ended…
Acamar Partners Acquisition Corp., a publicly traded special purpose acquisition company, and CarLotz Inc., one of the largest privately-held used vehicle retail disruptors with the industry’s only consignment-to-retail sales platform,…
Affinitiv, a provider of data-driven marketing and software solutions to the automotive market, announced that it has partnered with Quickride Logistics, Inc. to power its new product — Connect Transport.…
Lithia Motors Inc. reported the highest third quarter revenue and earnings per share in company history. Third quarter 2020 revenue increased 9 percent to $3.6 billion from $3.3 billion in…
General Motors Co. announced that its Spring Hill, Tennessee assembly plant will begin the transition to become the company’s third vehicle manufacturing site to produce electric vehicles, joining Factory ZERO…
Chase Auto and Subaru of America announced the renewal of their private label agreement, extending Chase’s role as the private label finance provider for the auto manufacturer. Since 2001, Chase…
The Larry H. Miller Group of Companies (LHM Group) announced that Richard Hyde will serve as president of Prestige Financial Services (PFS), a business enterprise group within the LHM Group…
Hertz Global Holdings Inc. announced that it has secured commitments for debtor-in-possession financing totaling $1.65 billion and has filed a motion for approval of the financing by the U.S. Bankruptcy…
Group 1 Automotive Inc., an international, Fortune 500 automotive retailer, announced that it will release financial results for the third quarter ended Sept. 30 on Oct. 29, before market open. …