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Penske Automotive Group Inc.'s fourth-quarter revenue set a record for any quarter, as net income reached a fourth-quarter high aided by soaring gross profits for new and used vehicles, finance and insurance and service and parts operations.
CEO Roger Penske said the performance stems from the…
Penske Logistics LLC plans to lay off 141 truck drivers and five supervisors at a terminal in Flint where it plans to cease operations by the end of March.The Reading, Pa.-based transportation company, part of the Bloomfield Hills-based Penske Corp. portfolio, said the terminal did "not align…