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Societe Generale Upshifts On Ferrari, Says Financial Revisions Are Favorable
Wednesday, October 10, 2018 - 12:10pm | 327Read More...Ferrari NV (NYSE: RACE)'s improved fundamentals, new management and revised financial objectives led Societe Generale to apply higher multiples to its existing forecast for the sports car manufacturer Wednesday. The Analyst Analyst Stephen Reitman upgraded Ferrari from Sell to Hold and...
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Penske Automotive Acquires 49% Stake In A Japanese Luxury Dealership Group
Friday, January 8, 2016 - 9:26am | 185Read More...Penske Automotive Group, Inc. (NYSE: PAG), an automotive and commercial vehicle dealership operator, announced on Thursday its entry to the Japanese market. Penske Automotive stated that it acquired a 49 percent stake in the Nicole Group, a luxury dealership group that operates in Tokyo and...
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Auto Retailers Group Lower As AutoNation Warns
Wednesday, January 6, 2016 - 12:01pm | 360Read More...Shares of AutoNation, Inc. (NYSE: AN) plunged more than 10 percent on Wednesday after the company issuing a disappointing fourth quarter outlook. AutoNation, the nation's largest dealership operator, said that it sold 35,962 vehicles throughout December. The company noted that while this...
