Tag Archives: Sonic

Thinner new-car margins drag down Sonic Q2 earnings

Sonic Automotive Inc.’s net income tumbled 47 percent to $12.1 million in the second quarter, the publicly traded dealership group said Friday. Squeezed new-vehicle margins were largely to blame, executives said, due to competitive pricing pressure, automakers’ trying to limit incentives and a glut of nearly new off-lease cars. An ongoing economic slump in the oil patch states, such as ... Read More »

Microsoft Contributes Its Sonic Linux Networking Suite to Open Compute Project

Microsoft is taking a major step in the world of free, open-source software. The Windows maker has announced that it is giving away Sonic, its own designed software, to users for free. At the Open Compute Project US Summit, Microsoft announced that it is proposing to contribute Software for Open Networking in the Cloud (Sonic) to the project. The suite ... Read More »