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2min chapter
July 31, 2024 | Toyota certification scandal widens; BYD eyes entry into Canada
Automotive News Daily Drive
Penske Automotive Reports Income Decrease Amid Legal Struggles for Stellantis
This chapter examines Penske Automotive Group's 20% decline in net income in Q2, linked to increased interest expenses, while noting a 3.1% rise in revenue driven by service and parts sales. It also covers Stellantis' lawsuit against a North Carolina dealership over alleged deceptive practices related to unsold fleet vehicles.
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