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Penske Automotive Q4 net income slides 36% to $192 million on rising interest costs

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GK
By:
Gail Kachadourian Howe
February 07, 2024 12:51 PM

Penske Automotive Group Inc.'s fourth-quarter net income slid by a third as the auto retail giant on Wednesday said its earnings were impacted by higher interest costs, a non-cash goodwill impairment charge and lower earnings from its Penske Transportation Solutions investment.

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