Sonic Q4 net income rises 21%; shares rise 9.3%

UPDATED: 2/21/17 4:20 pm ET -- adds stock close

Sonic Automotive's fourth-quarter net income rose 21 percent to $37.6 million from the same quarter a year ago on the strength of service and parts and finance and insurance gains, executives said.

Daimler to refocus Smart brand on EVs only in U.S., Canada
UPDATED: 2/13/17 8:59 pm ET - new story

Daimler AG will stop selling gasoline-powered Smart cars in the U.S. and Canada later this year, converting the microcar brand to an electric vehicle-

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