Three of the nation's top six publicly held dealership groups reported third quarter net losses yesterday, ushering in what analysts expect to be a grim round of reporting. Sonic Automotive Inc.
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GMAC Financial Services is to considerably scale back its European automotive finance business.
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Ford's best-selling F-150 pickup truck is one of the most accessorized vehicles in the automotive aftermarket. With plenty of companies providing add-ons, there are countless opportunities for an owner to fine-tune his or her truck to a far more specific need than the factory intended. Enter the Specialty Equipment Market Association (SEMA) show- a showcase of what's new and hot from a multi-billion dollar aftermarket industry. At this year's show, Ford will showcase four special F-150 project trucks to show those in attendance what's possible with a little imagination.
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Ford's best-selling F150 pickup truck is one of the most accessorized vehicles in the automotive aftermarket. With plenty of companies providing add-ons, there are countless opportunities for an owner to fine-tune his or her truck to a far more specific need than the factory intended. Enter the Specialty Equipment Market Association (SEMA) show- a showcase of what's new and hot from a multi-billion dollar aftermarket industry. At this year's show, Ford will showcase four special F150 project trucks to show those in attendance what's possible with a little imagination.
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Sonic Automotive Inc. has passed the first legal hurdle in its effort to acquire a Mercedes dealership in Charlotte, N.C., over the objection of Mercedes-Benz USA.
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Sonic Automotive Inc., the nation's No. 3 dealership group, today reported a $25.3 million loss in its third quarter. In last year's third quarter, Sonic earned $26.1 million, the company said. Part of the loss stemmed from $11.
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DETROIT (Reuters) -- Group 1 Automotive Inc. suffered a loss during the third quarter and suspended its full-year earnings guidance, citing volatility in the U.S. economy, auto demand and consumer lending.
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Automotive supplier GKN has warned that the prospect of further deterioration in demand in auto markets globally will see its fourth quarter automotive profits to be only around 30% of 2007 levels.
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British automotive and aircraft engineering company GKN said it would cut more than 5 percent of its staff and close plants as turbulence in the automotive sector deepens.
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Michigan dealership group Serra Automotive Inc. has entered bids to buy Bill Heard Enterprises Inc.'s two Chevrolet dealerships in Las Vegas. But the bids are just that -- bids.
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Each September for the past 23 years in Barrie, Ontario, students at Georgian College's Canadian Automotive Institute (CAI) host North America's largest outdoor Auto Show. The recent 2008 installment was yet another success. Our reporter Justin Pritchard talked to Jesstine Dombrosky, this year's show co-ordinator, about the challenges and rewards that make up the hectic early weeks of class for CAI students.
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Remember the 1973 movie The Exorcist, in which a delightful young girl played by Linda Blair is possessed by the devil and only an exorcism will save her? Well in many ways the M3 is the automotive equivalent to that movie. In BMW's version, a sweet beautifully refined 3-Series sedan is bitten by the devil and infused with unearthly power and performance, less the evil that Linda harbored.
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Michigan dealership group Serra Automotive Inc. has entered bids to buy Bill Heard Enterprises Inc.'s two Chevrolet dealerships in Las Vegas. But the bids are just that -- bids.
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Renault will lower production and inventory stocks in a bid to help its dealers weather the crisis impacting the European automotive industry.
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For the fifth consecutive month, new registrations of commercial vehicles in Europe have declined, according to figures from Brussels-based automotive association ACEA, with Western Europe driving the drop.
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Fuyao Glass Industry Group has said it has been approached by several parties to acquire US auto glass assets, although China's largest automotive glass maker, has said it has no interest in buying.
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General Motors Corp looks set to cut salaried jobs as the automotive slump in Europe and the US continues to rock the company's sales.
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10-15% of all automotive jobs could be lost in Germany, according to one analyst. The warning follows statements from Daimler's works council that flexible working agreements with workers may not suffice to reduce working hours, which means that jobs may be on the line.
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Gentex Corporation has reported a fall in its third quarter net sales and income, with the company warning that it was experiencing a "perfect storm" in the global automotive industry, with things likely to get "worse before they get better".
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