Archive for June, 2009

8 June

Penske and General Motors Announce Proposed Deal for Purchase of Saturn (Business Wire)

BLOOMFIELD HILLS, Mich.—-Penske Automotive Group, Inc. , www.penskeautomotive.com, an international automotive retailer, announced today that is has signed a Memorandum of Understanding with General Motors regarding the Saturn brand.

8 June

GM to sell Saturn to Penske (at CNNMoney.com)

Penske Automotive Group, owned by racecar legend Roger Penske, will buy GM’s castoff brand.

8 June

AP Source: GM to sell Saturn brand to Roger Penske (AP)

A person briefed on the deal says General Motors Corp. will sell its Saturn brand to former race car driver and dealership chain owner Roger Penske.

8 June

GM to Sell Saturn to Penske: Report (at TheStreet.com)

8 June

GM inks plan to sell Saturn to Penske: WSJ (at MarketWatch)

8 June

Copart Adds Third Facility in Massachusetts (Business Wire)

FAIRFIELD, Calif.—-Copart, Inc. today announced the opening of a new facility in Warren, Massachusetts. This latest addition to Copart’s growing footprint marks the company’s third facility in Massachusetts and the 148th facility world-wide.

8 June

Lower vehicle sales erode Copart’s 3Q profit (AP)

Junk-car auction service Copart Inc. says its profit decreased 9 percent in the fiscal third quarter as the economic slump bit into sales.

8 June

Copart 3rd-quarter net off 9.5%, revenue down 11% (at MarketWatch)

8 June

Copart Reports Third Quarter Financial Results (Business Wire)

FAIRFIELD, Calif.—-Copart, Inc. today reported the results for the quarter ended April 30, 2009, the third quarter of its 2009 fiscal year.

8 June

America’s Car-Mart, Inc. Schedules Release of Fourth Quarter and Fiscal Year End Results and Conference Call (GlobeNewswire)