Make up for some lost sales in Q4 with help of electric push.
Used-car retailer grapples with waning demand in face of economic challenges.
Carvana Co. announces a second round of job cuts, expected to impact about 1,500 employees or 8% of its workforce.
Widens year-over-year net loss to $1.72 billion.
Vehicle retailer trims costs, increases profit per vehicle.
Subaru profit jumped 25% in the latest quarter as the automaker recovered production, ramped up sales and cashed in on favorable exchanges rates.
The company saw revenue more than double to $8.1 billion as customers continued to hail rides and order takeout food.
Ford Motor stock hit its best month since the Great Recession, advancing nearly 32% since its 127.4% surge in April 2009.
Penske Automotive Group reported a 10% rise in income to $375.9 million in the second quarter, its most profitable quarter ever.
Asbury Automotive COO David Hult called the group's F&I performance in the third quarter a "small setback" compared to previous quarters, noting that he remains hopeful for the coming quarter.
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