UAW president's state of union speech dropped from convention agenda
UAW President Ray Curry’s speech had already been delayed three times but will now happen “at another time to be determined.”
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.
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.
Sonic's Q2 net income slips 17% on lower vehicle sales
Sonic Automotive ended a strategic review of its EchoPark used vehicle-only stores and is backing off revenue and other goals for the unit for 2025 amid current conditions.