Author: Automotive News Breaking News Feed
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KAR, Adesa’s parent, posts 19% gain in 3Q net
KAR Auction Services, the parent of auction company ADESA, said today that its third-quarter net income rose 19 percent from the year-earlier period to $22.8 million, as revenues increased 12 percent to $533.7 million.
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Magna profits fall on turnaround moves; sales rise as Europe outlook improves
Canadian auto parts supplier Magna International said third quarter net income fell 18 percent to $319 million.