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Toyota luxury boss says sub-$30K car 'wouldn't be a Lexus'
July 30, 2014, 4:00 pm EDT
A senior Lexus executive said that a car priced below $30,000 would not be worthy of the brand, in an indirect dig at German rivals who have been moving downmarket.
Jaguar touts aluminum features on upcoming XE
July 30, 2014, 1:35 pm EDT
Jaguar Land Rover is touting the aluminum features on its upcoming Jaguar XE sedan, promising it will be the most fuel efficient vehicle in brand history.
Penske Q2 net income rises 18% on strong gains in all segments
July 30, 2014, 8:30 am EDT
Penske Automotive Group said second-quarter net income rose 18 percent from the year-earlier period, on higher new- and used-vehicle unit sales. The U.K. accounted for 35 percent of the group's revenues, up from 34 percent.
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