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- Sonic's Q1 profits rise 4% on record volume
Record new- and used-car sales pushed Sonic Automotive to a 4 percent increase in net income for the first quarter of 2013. Retail new-vehicle revenue rose 12 percent compared with the year-ago period, with sales of 30,590 vehicles.
Переслать - Johnson Controls posts lower quarterly profit, reaffirms 2013 outlook
Johnson Controls, citing weaker automotive production in Europe, posted lower profits during its most recent quarter, but reaffirmed its financial outlook for the year.Переслать - Ford may post record Q1 profits in North America, analysts say
Ford may post its highest first-quarter North American profit ever, the latest sign the automaker's comeback is gaining momentum. According to analyst estimates at Morgan Stanley and JPMorgan Chase, Ford probably earned a record $2.Переслать - Energy Department recovers $21 million from Fisker
The Department of Energy says it recovered $21 million in cash from struggling Fisker Automotive that will go toward repaying nearly $200 million in loans extended under a federal program to spur advanced vehicle development.Переслать - Boston-area dealership had bird's eye view of bombing suspects' gunfight, arrest
A week after the Boston Marathon bombings, the city was beginning to return to normal today with shops reopening and residents heading back to work.Переслать - Dealership groups expected to post first-quarter gains
Dealership groups that announce their first-quarter earnings over the next two weeks should see continued growth as new- and used-car sales outperform 2012 levels, analysts say.Переслать - As retirement approaches, Publisher Peter Brown honors some of the best, and worst, automotive adventurers
In his 25th year as editor or editorial director of Automotive News, Peter Brown says he can now state with conviction that in the automotive industry, about every three years, everything you know is wrong.Переслать - China's Great Wall targets U.S. sales by 2015
Great Wall, China's largest SUV maker, expects to begin selling SUVs in the United States around 2015, possibly making it the first Chinese automaker to enter the American market in volume, the president of the company says.Переслать - Volvo CEO says making S-class rival would contradict brand's image
Volvo isn't going to develop a sedan to challenge the BMW 7 series, the Mercedes S class or the Audi A8 as it doesn't fit the carmaker's green image or the demands of its customers, CEO Hakan Samuelsson said.Переслать - Western China generates growing auto sales in a high-growth market
Each time An Fu Ford, a dealership in the western Chinese city of Chongqing, sells a car, workers fire a confetti cannon, showering the parking lot with colorful scraps of paper. There's a lot of paper to sweep up these days.Переслать
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