Porsche picks new r&d chief as suspended Hatz quits

UPDATED: 5/3/16 10:15 am ET - adds statement

Porsche AG's supervisory board has appointed Michael Steiner as new head of r&d, replacing Wolfgang Hatz who will leave the sports-car maker at his own request.

1 million used-sales year for CarMax

CarMax Inc., for the first time in its history, sold more than 1 million used vehicles, retail and wholesale combined, in a single fiscal year. The

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