UPDATE 1-Autonation reports higher third-quarter earnings

Newswire

DETROIT, Oct 28 (Reuters) - Autonation Inc reported higher third-quarter earnings on Thursday and said it still expected 2010 new vehicle sales to be around 11.5 million units for the auto industry. The largest dealership group in the United States reported net income of $56.9 million, or 38 cents per share, compared with $65 million, or 36 cents per share, a year earlier. Income from continuing operations rose to 39 cents per share from 36 cents. Revenue jumped 13.2 percent to $3.27 ...

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