Penske Automotive acquires Porsche, Audi stores in metro Cleveland

Penske Automotive acquires Porsche, Audi stores in metro Cleveland: "Penske Automotive Group Inc., the nation's second-biggest dealership group, has acquired Porsche and Audi dealerships in the Cleveland metropolitan area.

The Fred Baker Porsche and Audi stores in Bedford, Ohio,will be renamed Porsche of Bedford and Audi Bedford, Penske said in a statement Tuesday."

Fiat dealers bracing for 'sad Christmas' seek help from Marchionne

Fiat dealers bracing for 'sad Christmas' seek help from Marchionne: "MILAN (Bloomberg) -- Holiday shoppers pack the streets circling Milan's Gothic cathedral carrying bags from Gap, Gucci and Prada. Just a few blocks away at a Fiat S.p.A. dealer, there's no sign of the bustle: The showroom is empty."

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Chrysler Financial sale may stoke U.S. sales recovery

Chrysler Financial sale may stoke U.S. sales recovery: "DETROIT (Reuters) -- Toronto-Dominion Bank's purchase of Chrysler Financial will open a new avenue of financing for U.S. dealers and could help stoke the still-developing recovery in auto sales."