Financial News

Signal Automotive, a technology-enabled wholesale automotive platform, announced a $20 million investment led by Kayne Partners Fund, the growth private equity group of Kayne Anderson Capital Advisors, L.P. The Signal…
Hertz announced it is expanding its Hertz My Car monthly vehicle subscription service nationwide to all corporate airport and neighborhood locations. Hertz My Car is the smart alternative to owning…
Financial technology firm FIS has been selected as the exclusive payment provider to The Reynolds and Reynolds Company, a provider of automotive dealership software, documents, and professional services. Under the…
Kia Motors America posted October sales of 56,094 units, marking both the best-ever total October sales volume and the best-ever October retail sales volume in company history. Kia’s total volume…
KAR Auction Services Inc. reported revenue of $593.6 million as compared with revenue of $701.9 million for the third quarter of 2019. In the third quarter, KAR reported its third…
SiriusXM and Kia Motors America announced an expansion of their long-term agreement. The two companies are extending their relationship through 2025, and over the course of the agreement Kia will…
Mazda North American Operations (MNAO) announced the immediate appointment of Takeshi Nishiki as chief financial officer. In this role, Nishiki’s efforts will focus on advancing Mazda's financial strategy in its…
Cars.com Inc. has successfully closed its previously announced offering of $400 million aggregate principal amount of 6.375 senior unsecured notes due 2028. CARS used the net proceeds of the offering,…
Group 1 Automotive, an international, Fortune 500 automotive retailer, reported 2020 third quarter net income of $126.4 million, diluted earnings per common share of $6.83, adjusted net income (a non-GAAP…