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Penske Automotive Q3 earnings dinged by higher taxes, Brexit

Net income from continuing operations for the nation's second-largest new-vehicle retailer fell 11 percent to $116.1 million in the third quarter. from Section Page News - Automotive News https://ift.tt/2NpNHvy via IFTTT

Japan tax agency finds Ghosn used Nissan money for private use, report says

Ghosn used Nissan funds for several years to pay consultant's fees to his sister for fictitious work and to make donations to a university in Lebanon, a Japanese newspaper reported. from Section Page News - Automotive News https://ift.tt/34d0qIV via IFTTT

VW's new AV tech company to focus on self-driving taxis, vans

VW expects that autonomous vehicles will most likely be first used in logistics and shared mobility to transport people and goods in urban areas. from Section Page News - Automotive News https://ift.tt/2qLZMUb via IFTTT

Hyundai taps William Lee as new global Genesis boss

Lee, a Hyundai veteran with experience in the U.S. and Brazil, steps into the role at a critical time for Genesis as it builds out its U.S. sales network and embarks on the important rollout of the brand's first crossovers. from Section Page News - Automotive News https://ift.tt/2BTmfRw via IFTTT