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Sonic Automotive Inc

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BUSINESS
January 16, 2002 | Bloomberg News
Auto retailer Sonic Automotive Inc. agreed to buy Don Massey Dealerships, the largest seller of Cadillacs in the U.S., and raised its 2002 profit forecast. Sonic will pay about 1.47 million shares, valued at about $36.6 million based on Monday's closing price of $24.90, and an undisclosed amount of cash for the Plymouth, Mich.-based company, Chief Financial Officer Theodore Wright said. Charlotte, N.C.-based Sonic raised its 2002 earnings forecast to $2.38 to $2.45 a share.
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BUSINESS
January 16, 2002 | Bloomberg News
Auto retailer Sonic Automotive Inc. agreed to buy Don Massey Dealerships, the largest seller of Cadillacs in the U.S., and raised its 2002 profit forecast. Sonic will pay about 1.47 million shares, valued at about $36.6 million based on Monday's closing price of $24.90, and an undisclosed amount of cash for the Plymouth, Mich.-based company, Chief Financial Officer Theodore Wright said. Charlotte, N.C.-based Sonic raised its 2002 earnings forecast to $2.38 to $2.45 a share.
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BUSINESS
November 27, 2001 | John O'Dell
Rapidly expanding Sonic Automotive Inc. said that it will acquire four new-car dealerships in Carson and a fifth in the Dallas area as it pursues growth in its largest markets. The agreement to purchase four Don Kott dealerships--with Ford, Lincoln Mercury, Chrysler, Jeep, Mazda, Isuzu and Kia franchises--will give Charlotte, N.C.-based Sonic 34 California dealerships, including 11 in Los Angeles and Orange counties.
BUSINESS
November 27, 2001 | John O'Dell
Rapidly expanding Sonic Automotive Inc. said that it will acquire four new-car dealerships in Carson and a fifth in the Dallas area as it pursues growth in its largest markets. The agreement to purchase four Don Kott dealerships--with Ford, Lincoln Mercury, Chrysler, Jeep, Mazda, Isuzu and Kia franchises--will give Charlotte, N.C.-based Sonic 34 California dealerships, including 11 in Los Angeles and Orange counties.
BUSINESS
May 8, 2008 | From Times Wire Services
Michael Dell's private investment firm will create a luxury-auto retailer with the former chief of the Pep Boys car-parts chain. Dell's MSD Capital and Jeff Rachor, who was president of dealer group Sonic Automotive Inc. before joining Pep Boys, said they would form MSD Automotive Partners.
BUSINESS
October 17, 2001 | John O'Dell
Sonic Automotive Inc., the country's second-largest chain of new-car dealerships, said it has acquired Coast Cadillac in Long Beach for an undisclosed sum. The acquisition gives North Carolina-based Sonic 30 California dealerships, including seven in Los Angeles and Orange counties. Nationally, Sonic operates 168 new-car dealerships in 13 states. Florida-based AutoNation Inc., the largest dealership chain in the country, has more than 400 franchises.
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