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Sonic Automotive

Sonic Automotive News Editors

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Sonic Automotive News

News on Sonic Automotive continually updated from thousands of sources around the net.

Friday Nov 20 | Charlotte Observer

Charlotte car dealership closes

Arnold Palmer Cadillac's southeast Charlotte dealership closed this week, the latest casualty of General Motors' financial troubles.

Comment?

Related Topix: Charlotte, NC, Auto Dealers, Retail

Fri Nov 13, 2009

Associated Content

Toyota Financial, as Part of RouteOne Compliance, Welcomes Sonic Automotive

Dealerships." The automotive industry has been in a spin for awhile and is coming away from the "Cash for Clunkers" and is trying to get its balance.

Comment?

Related Topix: Auto Dealers, Retail

Tue Nov 10, 2009

Automotive

Sonic Automotive Subscribes to RouteOne Compliance Products for Use in Sonic..

Below is an auto news article from November 10, 2009 from Automotive.com and PRNewswire.

Comment?

Related Topix: Auto Dealers, Retail, Farmington Hills, MI, Automakers

Wed Nov 04, 2009

Myrtle Beach Online

Prudential posts 3Q profit on market, sales gains

Prudential Financial Inc., an insurance and investment company, posted its second straight quarterly profit, buoyed by market gains and strong sales of its insurance products.

Comment?

Related Topix: Prudential Financial, Insurance, Furniture, Leggett and Platt, Auto Dealers, Retail, Allergan, Biotech, Entertainment

Tue Nov 03, 2009

Myrtle Beach Online

Cablevision Systems 3Q profit more than triples

Cablevision Systems Corp. said Tuesday that its third-quarter profit more than tripled as the number of customers using its voice phone service surpassed 2 million.

Comment?

Related Topix: Cablevision Sys, Cable & Satellite, Telecom, Television, 9, Auto Dealers, Retail, Entertainment

Mon Nov 02, 2009

BusinessWeek

Major U.S. auto dealers see sl...

Major U.S. auto dealerships see only a grudging recovery in demand in 2011, a cautious outlook at odds with the consensus view that the battered industry could see a double-digit percentage rebound.

Comment?

Related Topix: Asbury Automotive Group, Auto Dealers, Retail, Autonation

Sat Oct 31, 2009

Automotive

Sonic Automotive, Inc. Announces Redemption of Outstanding 6.0% Senior Secured..

Scott Smith, Sonic's President, stated, "This latest step in the restructuring of our balance sheet removes an extremely dilutive security from our capital structure.

Comment?

Related Topix: Auto Dealers, Retail, Automakers

Thu Oct 29, 2009

Myrtle Beach Online

Manitowoc reduces its third-quarter loss

Manitowoc Co. said Thursday it reduced its third-quarter loss as the crane maker cut costs, operated more efficiently and trimmed its working capital costs.

Comment?

Related Topix: Manitowoc, WI, Manufacturing, Construction, Industrial Machines, Manitowoc Company, Auto Dealers, Retail, Semiconductors, Memc Electronic Materials, Electronics, Restaurant Management, Cheesecake Factory Incorporated The, Education

Zacks Analyst Blog

Sonic Automotive Meets Estimates

Snapshot Report ) has reported a profit of 21 cents per share for the third quarter of the year compared to 15 cents per share in the year-ago period.

Comment?

Related Topix: Auto Dealers, Retail

Wed Oct 28, 2009

Myrtle Beach Online

Ashland reports 4th-quarter profit

Chemical maker Ashland Inc. on Wednesday reported a fiscal fourth-quarter profit, as the company cut costs to offset a sales decline.

Comment?

Related Topix: Ashland, Oil & Gas, Chemicals, Restaurant Management, Cheesecake Factory Incorporated The, 9, Auto Dealers, Retail, Affiliated Computer Services, Computers, IT Services, Business News

Seeking Alpha

Sonic Automotive Q3 2009 Earnings Call Transcript

Sonic Automotive, Inc. October 27, 2009 11:00 AM ET Executives B. Scott Smith - President and Chief Strategic Officer David P. Cosper - Vice Chairman and Chief Financial Officer Jeff Dyke - Executive Vice President - Operations Greg Young - Vice President of Finance Analysts Rick Nelson - Stephens Inc Ryan Brinkman - J.P. Morgan Jordan Hymowitz - ...

Comment?

Related Topix: Auto Dealers, Retail

Tue Oct 27, 2009

ABC News

U.S. Auto Dealers Post Profit, Outlook Cautious

4 U.S. auto dealership, posted a quarterly profit on Tuesday that was double the year-earlier figure, but its cautious outlook for the current quarter sent its shares down 12 percent.

Comment?

Related Topix: Auto Dealers, Retail

Fri Oct 23, 2009

Automotive

Sonic Automotive Executives to Speak at Investor Conference

The presentation will cover Sonic's operating strategy and financial results. The Company's presentation will be at 12:00 PM Pacific on November 3, 2009 at the Bellagio hotel.

Comment?

Related Topix: Auto Dealers, Retail, Automakers

Wed Sep 23, 2009

Myrtle Beach Online

Some B/E Aerospace debt ratings lowered

Ratings agency Standard & Poor's said Wednesday it has lowered its long-term corporate credit rating on airline interior components manufacturer B/E Aerospace Inc.

Comment?

Related Topix: Auto Dealers, Retail

Sun Sep 20, 2009

Charlotte.com

Judge Bill Belk to resume testimony Sept. 30

Judge Bill Belk will get a chance to defend himself against accusations of misconduct when his disciplinary hearing resumes in less than two weeks.

Comment?

Related Topix: Auto Dealers, Retail, Sport Movies, Drama Movies, Comedy Movies, College, Raleigh, NC, Raleigh Metro, Mecklenburg County, NC, Huntersville, NC

Fri Sep 18, 2009

ABC News

Moody's Changes Sonic Auto Outlook to Positive

Moody's Investor Service on Friday affirmed the junk status of corporate family debt held by Sonic Automotive but it changed its outlook to positive from negative.

Comment?

Related Topix: Auto Dealers, Retail

MarketNewsVideo

Today's Big Losers: CDE, SAH, MWA

This morning RBC Capital Markets downgraded shares of Coeur d'Alene Mines from Sector Perform to Underperform and set a price target of $5.25 per share.

Comment?

Related Topix: Auto Dealers, Retail, Video, Business News

Wed Sep 16, 2009

Charlotte Business Journal

Sonic launches offering of 9M shares

Sonic Automotive Inc. will launch a public offering of 9 million shares of its Class-A common stock and convertible senior notes.

Comment?

Related Topix: Auto Dealers, Retail

Mon Sep 14, 2009

The South Mississippi Sun Herald

Sonic Automotive Announces Concurrent Offerings of Class A Common Stock and Convertible Senior Notes

Sonic Automotive, Inc. today announced a public offering of Class A common stock and convertible senior notes.

Comment?

Related Topix: Auto Dealers, Retail, Financial Services, Merrill Lynch and Co, Investment Services, Securities and Exchange Commission, Corporate / Securities Law, Law

Thu Aug 13, 2009

Charlotte Business Journal

Execs start to see hopeful signs on economy

Top executives at Charlotte's largest public companies are seeing a little more economic light in the recessionary tunnel.

Comment?

Related Topix: Duke Energy, Energy, Manufacturing, SPX, Electronics, Auto Dealers, Retail, Industrial Machines, EnPro Industries

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