Sonic Automotive Q4 earnings: Impairment charge hits bottom line

Sonic Automotive Q4 earnings: Impairment charge hits bottom line

Sonic declared it has established a powersports section of the firm that requires 13 areas, made $53.5 million in profits in 2022 and is predicted to add about $200 million in earnings to the corporation for 2023. “We keep on being focused on leveraging development chances across our diversified portfolio to optimize long term earnings

10-Minute Charge Time Paves Way for Mass Adoption of Affordable Electric Car

10-Minute Charge Time Paves Way for Mass Adoption of Affordable Electric Car

This 10-min speedy-charging battery was made for electric powered vehicles, with the black box on the leading that contains a battery administration method to handle the module. Credit history: EC Electrical power Researchers acquire a new procedure that fees EV batteries in just 10 minutes. A structure breakthrough has enabled a 10-moment charge time for

Auto lenders in Massachusetts can’t charge GAP cancellation fees

Auto lenders in Massachusetts can’t charge GAP cancellation fees

Massachusetts loan providers are not able to cost fees when a consumer cancels a confirmed asset security waiver financed as aspect of an indirect car loan, the state’s Division of Banks confirmed this year. Nisen & Elliott Taking care of Husband or wife Kenneth Rojc, whose legislation firm’s specialties include vehicle finance, requested the division