People on the move
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Larry H. Miller stores push Asbury to record Q2 net income
Asbury Automotive Group generated record net income of $201.4 million during the second quarter, bolstered by dozens of new Larry H. Miller Dealerships locations it purchased at the end of 2021.
Shyft Group net income plunges 67% in Q2 amid supply chain constraints
Q2 revenue slipped 4.8 percent to $232.2 million. Shyft CEO Daryl Adams told investors that chassis supply disruption continued to hamper the company’s fleet vehicle business.
Relativity Space lights up all 9 of 3D-printed rocket’s engines in Cape Canaveral
Relativity Space continues progress toward its first-ever launch attempt bringing its 3D-printed Terran 1 rocket’s nine first-stage engines up to full power for a hot fire test at Cape Canaveral Space Force Station.
Sales chief Randy Parker named CEO of Hyundai Motor America
Hyundai is promoting senior North American executives as the automaker shifts more responsibilities to its global COO, Jose Muñoz. He is the second Black CEO named in the U.S. auto industry this month.