Automotive retailer Sonic Automotive Inc. said profit tumbled 87 percent in the first quarter as new and used car sales fell and the company took an expense for debt restructuring. But the results still beat analysts’ expectations.
May 8, 2009
[$$] AutoNation Execs Drive Large Sales (at Barron’s Online)
The CEO and COO sold $16 million in the auto and parts retailer’s shares.
Power Sports Factory, Inc. announces Launch of New 250cc Andretti-Benelli Caffe Nero (Business Wire)
PENNSAUKEN, N.J.—-Power Sports Factory, Inc. announced today that it is adding a 250cc Andretti-Benelli Motorbike to its existing lineup. The Caffe Nero will arrive in the United States at the end of the second quarter.
Sonic Automotive, Inc. Schedules Release of First Quarter Results and Conference Call (PR Newswire)
Sonic Automotive, Inc. today announced it will release fiscal 2009 first quarter financial results on Friday, May 8, 2009 at 7:30 A.M. . Senior management will hold a conference call at 11:00 A.M. .
Penske Automotive 1Q income falls almost 50 pct (AP)
Auto dealership chain Penske Automotive Group Inc. on Tuesday said its first-quarter income plunged by nearly 50 percent as vehicle sales continued to slide.