Wednesday, January 19th, 2022

Tag: dealer

Former Pontiac dealer Kevin Rinke commits $10 million in GOP bid to be governor of Michigan

DETROIT — Kevin Rinke, who amassed a fortune in car dealerships and traumatic brain injury care, is committing $10 million of his personal wealth toward seeking the Republican nomination for governor of Michigan and...

Morgan Stanley’s bearish report triggers drop in auto dealer group stocks such as Penske, AutoNation

Stock prices for public dealership groups took a hit Wednesday after Morgan Stanley equity analyst Adam Jonas released a research note expressing caution. In his report, Jonas downgraded Penske Automotive Group Inc. and Sonic...

Morgan Stanley report triggers drop in auto dealer group stocks such as Penske, AutoNation

Stock prices for public dealership groups took a hit Wednesday after Morgan Stanley equity analyst Adam Jonas released a research note expressing caution about the group. In his report, Jonas downgraded Penske Automotive Group...