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Dealer Issues

SiriusXM acquires connected-vehicle services company for $115 million

SiriusXM reached further into connected-vehicle services by completing the acquisition of Automatic Labs for $115 million in cash.

Sonic swings to Q1 loss on refinancing costs, weak sales

Sonic swung to a first-quarter loss of $541,000 from a year-earlier net profit of $14.6 million as the dealership group took a hit from refinancing its debt. Weak retail sales didn't help.

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