AutoShow

Penske to Sell Nissan-Made Smart Car

Penske Automotive Group, a chain of car dealerships, reached an agreement with Japan%u2019s Nissan Motor Co. (NSANY) to sell a Nissan-made small car in the U.S. market under the Smart brand name. Penske hopes that adding the Nissan-made car, a four-door hatchback, to the Smart line will boost sales, The Wall Street Journal reported. The company already sells a two-passenger minicar made by Daimler AG.

AutoZone Quarterly EPS Jumped to $5.66

AutoZone Inc (AZO) reported diluted earnings per share of $5.66 for the quarter ended Aug. 28, a 27.7% increase from a year earlier. Net sales rose 9.5% from a year earlier to $2.4 billion in the fourth quarter of fiscal 2010, the auto parts company said in a statement. AutoZone opened 80 new stores in the U.S. in the quarter, and 26 new stores in Mexico.