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Sonic Automotive posted higher revenue and net profit during the second quarter, but expenses increased as the retailer continues to ready its launches of a new customer-experience initiative and standalone used-car stores.
Posted: July 22, 2014, 5:18 pm
Kumar Galhotra, Ford's top engineer, was named president of the Lincoln brand today, a new position that reports directly to CEO Mark Fields, in another management change designed to jumpstart sales at the luxury brand.
Posted: July 22, 2014, 4:52 pm
A Tennessee metals and plastics company said it has agreed to acquire auto parts supplier Autocam in a deal valued at $300 million.
Posted: July 22, 2014, 4:23 pm
Scott Monty, Ford's former social media chief who left the automaker two months ago, is joining Shift Communications, a public relations and social media agency with offices in Boston, San Francisco and New York.
Posted: July 22, 2014, 2:16 pm
Improving car sales and a double-digit revenue jump helped drive second-quarter profits up 33 percent at Asbury Automotive Group, as all parts of its business showed gains, the auto retailer said today.
Posted: July 22, 2014, 12:07 pm