Porsche picks new r&d chief as suspended Hatz quits

UPDATED: 5/3/16 10:15 am ET - adds statement

Porsche AG's supervisory board has appointed Michael Steiner as new head of r&d, replacing Wolfgang Hatz who will leave the sports-car maker at his own request.

Sonic Q1 net rises 4.7% on parts and service, F&I; revenue flat
UPDATED: 4/26/16 4:20 pm ET - adds stock close

Sonic Automotive reported net income rose 4.7 percent to $14.6 million in the first quarter from a year earlier. Despite the narrow gain, the auto

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