UPDATE 1-UnitedAuto posts flat quarterly earnings

Newswire

(Updates throughout with details) DETROIT, July 30 (Reuters) - Auto dealer UnitedAuto Group Inc. reported flat second-quarter earnings on Wednesday as higher revenue was offset by higher costs for overhead and interest. The company also said it had to take a $1.9 million reduction to earnings during the quarter because it found $3.1 million in false revenue in an audit of its Arkansas dealerships. UnitedAuto said the false revenue, booked between April 2001 and March 2003, was ...

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