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Sonic Automotive to ramp up expansion efforts this year
2015-01-27 07:29:55| Auto Dealers - Topix.net
Charlotte-based Sonic Automotive is eyeing expansion this year with plans to acquire more dealerships, open more standalone used-car stores and spend roughly $200 million on real estate and buildings. Company President Scott Smith told the Observer on Monday that Sonic is looking to buy dealerships from smaller auto dealers ready to exit their business.
Tags: year
automotive
efforts
expansion
GM to cut production of Chevy Sonic, Buick Verano
2015-01-24 09:20:20| Automakers - Topix.net
General Motors is cutting production of its Chevrolet Sonic and Buick Verano small cars amid higher-than-normal inventories, a sign that low gasoline prices could be weakening the sales outlook for small cars. GM's Orion Assembly plant in suburban Detroit will be idled the weeks of Feb. 16 and April 6 to adjust supply to market demand, according to two people with knowledge of the plant's production schedule.
Tags: production
cut
sonic
verano
Weekly CEO Sells Highlight: Alcoa Inc, Guess? Inc, Sonic Corp, and FedEx Corp.
2015-01-18 15:24:55| Air Courier - Topix.net
According to GuruFocus Insider Data , these are the largest CEO sales during the past week: Alcoa Inc, Guess? Inc, Sonic Corp, and FedEx Corp. Alcoa Inc : Chairman and CEO Klaus Kleinfeld sold 716,448 Shares Chairman and CEO of Alcoa Inc Klaus Kleinfeld sold 716,448 shares on 01/14/2015 at an average price of $14.96. Alcoa Inc is a Pennsylvania corporation and was formed in 1888.
EchoPark Part of Sonic Automotives Expanded Presence in Remarketing
2015-01-15 08:27:08| AutomotiveDigest.com - Automotive Industry News
Pre-owned vehicle retail concept store EchoPark Automotive was recently launched by Sonic Automotive in the Denver area, and is what Jeff Dyke, Sonics executive vice president of operations, calls kind of a cross between Apple (store) and a Google experience. EchoPark is one of several initiatives launched by Sonic to expand its presence in remarketing. Other campaigns include teamwork with Manheim and continued progress in its Sonic Inventory Management System. The Article EchoPark Part of Sonic Automotives Expanded Presence in Remarketing appeared first on Automotive Digest.
Tags: part
presence
expanded
sonic
ATLAS North America Acquires Assets of Marine Sonic Technology
2014-11-26 11:02:00| Offshore Technology
ATLAS North America, a wholly owned subsidiary of Germany-based ATLAS ELEKTRONIK, has acquired the business of Marine Sonic Technology, based in Yorktown, Virginia, US, via an asset deal.
Tags: technology
north
america
north america
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