Automotive Franchise News - Sonic Automotive loses $25 million in third quarter (The Charlotte Observer)
(By Jefferson George,
jgeorge@charlotteobserver.com) With the plodding economy and tighter credit slowing car sales to a crawl nationwide, Charlotte-based Sonic Automotive on Tuesday reported a third-quarter loss of more than $25.3 million, a roughly $50 million swing from a profit of more than $26 million a year earlier. Revenue at Sonic, a Fortune 500 company and one of the nation's largest ...
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