DETROIT and TROLLHATTAN, Sweden — The Spyker Cars NV purchase of Saab Automobile AB from General Motors has been finalized, the companies announced Tuesday. The ownership shift has been completed, and now Saab and Spyker will operate under the Spyker umbrella as sister companies. Spyker is taking over the... Read More

Sonic's Used Operation Enjoys Strong Close to 2009

CHARLOTTE, N.C. — Sonic Automotive's used-vehicle operations ended 2009 on quite a high note as executives highlighted volume and gross profit gains during the fourth quarter. Sonic revealed overall used-vehicle unit volume climbed 18 percent and total used-vehicle revenue jumped almost 23 percent for the... Read More

Sonic's Used Operation Enjoys Strong Close to 2009

CHARLOTTE, N.C. — Sonic Automotive's used-vehicle operations ended 2009 on quite a high note as executives highlighted volume and gross profit gains during the fourth quarter. Sonic revealed overall used-vehicle unit volume climbed 18 percent and total used-vehicle revenue jumped almost 23 percent for the... Read More

FARMINGTON HILLS, Mich. — Mercedes-Benz Financial has upgraded its First Class Finish lease vehicle turn-in process by providing the automaker's dealers with new software on their hand-held Dynamic PDA devices. The goal quite simply is to make the turn in process run quicker and more efficiently. ... Read More

FARMINGTON HILLS, Mich. — Mercedes-Benz Financial has upgraded its First Class Finish lease vehicle turn-in process by providing the automaker's dealers with new software on their hand-held Dynamic PDA devices. The goal quite simply is to make the turn in process run quicker and more efficiently. ... Read More

BLOOMFIELD HILLS, Mich. — Penske Automotive Group noted strong gains during the fourth quarter in several areas, including income, total revenue and total retail units sold, when executives shared their most recent financials late last week. Penske revealed that its 2009 fourth quarter income from continuing... Read More

BLOOMFIELD HILLS, Mich. — Penske Automotive Group noted strong gains during the fourth quarter in several areas, including income, total revenue and total retail units sold, when executives shared their most recent financials late last week. Penske revealed that its 2009 fourth quarter income from continuing... Read More

Group 1 Says It's Returning to Growth

HOUSTON — Group 1 Automotive said it got back to "growth mode" in the final quarter of 2009, as the company reported a significant upswing in adjusted net income from continuing operations. Specifically, the company's adjusted net income from continuing operations was $10.3 million in the fourth... Read More

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