Sonic Automotive Inc. to sell up to $210 million in notes to retire higher-interest debt Auto dealership group Sonic Automotive Inc. will offer up to $210 million in senior subordinated notes to institutional buyers, the company said Tuesday. Proceeds from the sale ...
General Motors on Friday offered to reinstate 661 US dealerships slated for closure under its massive restructuring plan, amid legal challenges from the dealers and pressure from lawmakers. GM sought to shut down about 2,000 dealers - or about a quarter of ...
DETROIT (Reuters) - General Motors Co <GM.UL> has offered to keep open 661 of its U.S. dealers once targeted for closure as it tries to shore up sales after emerging from bankruptcy last year. GM once planned to terminate franchise agreements with ...
Visitors are silhouetted as they watch a video showing the assembly line of a Toyota Motor Corp.'s plant at the automaker's exhibition hall in Toyota, central Japan, Thursday, March 4, 2010. Toyota's Prius remains the top-selling car in Japan despite the automaker's ...
<div id="subtitle">Deadline extended for dealers to submit Cash for Clunkers paperwork; sales cutoff still Monday</div><div><p>The Transportation Department is assuring auto dealers they will get time to submit their pending Cash for Clunkers deals, as continued problems with the government's Web site make ...
<div id="subtitle">Nothing clunky here: Govt' program generates 690,000 new car sales and comes in under budget</div><div><p>The popular Cash for Clunkers program generated nearly 700,000 new car sales during the past month, giving the U.S. auto industry a badly needed jolt of activity ...
<div id="subtitle">Union Pacific marketing rail shipping to used car dealers</div><div><p>Union Pacific wants used car dealers to start shipping more of their cars by train.</p><p>So, the Omaha-based railroad has launched a new Web site and service called http://www.shipcarsnow ...
<div><p>New vehicle sales in Japan rose for the first time in 13 months in August from a year earlier, industry figures showed Tuesday -- the latest sign of improvement in the battered auto industry.</p><p>The Japan Automobile Dealers Association said 198,265 new cars, ...
<div><p>DETROIT/PARIS (Reuters) - U.S. auto sales boomed in August as $3 billion in government incentives drove sharp gains for Hyundai Motor Co and Ford Motor Co but failed to provide a boost for General Motors Co in its first full month outside ...
<div id="subtitle">Govt has paid dealers $500M for 'Clunkers'; Dealers should be reimbursed by Sept. 30</div><div><p>The government has approved $500 million in reimbursements to car dealers for sales under the Cash for Clunkers program and dealers should be paid by late September, officials ...
