Sonic Q4 net income rises 21%
UPDATED: 2/21/17 11:47 pm ET -- adds details
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.
Honda's Mendel to retire April 1; Conrad to take on Acura
John Mendel, an auto industry veteran who steered Honda and Acura through the Takata airbag crisis and championed the brands' strict discipline against fleet sales and heavy incentives, is retiring as executive vice president of American Honda's auto divisions, effective April 1. His duties will be taken over by Jeff Conrad, general manager of the Honda division.