Mark Rechtin

Sonic Q4 net income rises 21%

UPDATED: 2/21/172:07 pm ET -- adds stock rising

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 gets top role

John Mendel, an auto industry veteran who steered Honda and Acura through the Takata airbag crisis, 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.

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