UPDATE 2-Sales drive Inchcape profits higher, slowing in 05

Newswire

(Adds shares, CFO comment, rewrites) By Michael Smith LONDON, Feb 28 (Reuters) - Strong car sales in key markets in Asia and Europe drove earnings at Inchcape Plc higher as expected on Monday as the international car dealer flagged a share buyback and further expansion plans. Inchcape, which sells Maserati and Ferrari sports cars, also said its Chief Executive Peter Johnson would step down in 2006 but would remain with the company as non-executive chairman. Inchcape said higher sales ...

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