Sonic Automotive Inc. said Tuesday it posted a fourth-quarter loss and echoed auditors' concerns about the dealership group's ability to continue operations. Sonic's auditors said they had doubts the company could continue as a going concern.
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Visteon Corp. said on Tuesday that lenders had granted the auto parts maker temporary waivers on credit facilities after auditors, as expected, raised significant doubt about its ability to continue as a business. Visteon, spun off by Ford Motor Co.
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Visteon Corp. said on Tuesday that lenders had granted the auto parts maker temporary waivers on credit facilities after auditors, as expected, raised significant doubt about its ability to continue as a business. Visteon, spun off by Ford Motor Co.
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Sonic Automotive Inc. posted a fourth-quarter loss and said auditors raised doubts about the dealership group's ability to continue as a going concern.
Full story...
Sonic Automotive Inc. said today that auditors have raised doubts about the dealership group's ability to continue as a going concern.
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Sebring, Florida--The long-anticipated little brother to the Q7 is finally available, and I was fortunate to attend the Canadian Press introduction in Florida. Here, I was able to spend hours in both the standard Q5 3.2 and the 3.2 Premium. The difference between the two is in how much creature comforts you want. Not need, but want because the standard version is so comfortable I never even thought of moving up to the Premium. Mind you, when I drove the Premium, I never thought of going back to the standard version. After all, if your biggest decision is what color to buy and what type of wheel you want, that makes for a day of anguish!
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Following closely on the heels of the A5, which was introduced as a 2008 model, 2009 brings us a cabriolet version of this beautifully executed touring coupe.
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Electric car start-up Tesla Motors Inc. on Thursday unveiled its newest, lowest-cost vehicle, a family sedan the company says will go into production during the third quarter of 2011. Tesla's Model S four-door sedan will cost $49,900, after a U.S.
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Seat's new old-Audi-A4-based Exeo flagship, on sale here in the UK from 2 April, enters what the company is calling "a sliver of space" between the sub-premium cars like the Honda Accord and VW Passat and the volume cars such as Ford Mondeo, Peugeot 407 and Vauxhall Insignia.
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The global financial crisis has caused a meltdown among Russia's billionaire oligarchs - and none has been hit so hard as GAZ owner Oleg Deripaska. Where now for Russia's second largest automaker, asks Mark Bursa
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Development chief hints at sizzling new hot hatch using TT-RS powerplant.
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Baseball, hot dogs, apple pie and--sushi? Sauerkraut?
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Baseball, hot dogs, apple pie and -- sushi? Sauerkraut? Audi and Toyota will become the official vehicle brands of the New York Yankees, replacing General Motors as the team's automotive sponsor.
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One slip up, one extra minute in the pits and the story might be different. Yet it's a familiar story with a familiar ending - Audi debuts a new car with a victory at Sebring. The German marque posted win No. 1 for the Audi R15 TDI on Saturday as Allan McNish, Dindo Capello and Tom Kristensen beat Peugeot at the 57th Twelve Hours of Sebring.
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Scott Dixon shocked Sebring International Raceway on Thursday with the overall pole position for the 57th 12 Hours of Sebring, upsetting factory diesel powers Audi and Peugeot in the first round of qualifying for the 2009 American Le Mans Series.
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Volkswagen group's Spanish unit, Seat, could build the new Audi Q3 SUV after a majority of workers accepted a two-year salary freeze. VW has asked Seat workers to accept a pay freeze in exchange for an order for a new car model.
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