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Sonic Automotive Inc. said today that auditors have raised doubts about the dealership group’s ability to continue as a going concern.

Tags: Dealership Group, Doubts, Going Concern, Retail Group, Sonic, Sonic Automotive, Sonic Automotive Inc

Sonic Automotive Inc., which suspended its dividend last month to save cash, said its auditors may raise doubts about the dealership group’s ability to continue as a going concern.

Tags: Dealership Group, Dividend, Doubts, Going Concern, Sonic, Sonic Automotive, Sonic Automotive Inc

Sonic Automotive Inc., which suspended its dividend last month to save cash, said its auditors may raise doubts about the dealership group’s ability to continue as a going concern.

Tags: Dealership Group, Dividend, Doubts, Going Concern, Sonic Automotive, Sonic Automotive Inc

Visteon Corp. said today that it expects its auditors to issue a “going concern” warning about the company because of industry conditions and the supplier’s cash situation. In a regulatory filing, the former Ford Motor Co.

Tags: Ford, Ford Motor, Ford Motor Co., Going Concern, Visteon, Visteon Corp

Visteon Corp. said today that it expects its auditors to issue a “going concern” warning about the company because of industry conditions and the supplier’s cash situation. In a regulatory filing, the former Ford Motor Co.

Tags: Ford, Ford Motor, Ford Motor Co., Going Concern, Visteon, Visteon Corp

Asbury Automotive Group, the sixth-largest U.S. dealership group, will receive a warning from auditors today that it may not remain current in its debt covenants, the company said this morning.

Tags: Asbury Automotive Group, Dealership Group, Debt Covenants, Going Concern

American Axle and Manufacturing Holdings Inc.’s auditors are warning the auto supplier may go out of business because of pressure on its main customers, General Motors and Chrysler LLC.

Tags: American Axle And Manufacturing, American Axle And Manufacturing Holdings, American Axle And Manufacturing Holdings Inc, Auto Supplier, Chrysler, General Motors, Going Concern

American Axle and Manufacturing Holdings Inc.’s auditors are warning the auto supplier may go out of business because of pressure on its main customers, General Motors and Chrysler LLC.

Tags: American Axle And Manufacturing, American Axle And Manufacturing Holdings, American Axle And Manufacturing Holdings Inc, Auto Supplier, Chrysler, Chrysler LLC, General Motors, Going Concern

General Motors today said its auditors had raised “substantial doubt” about its ability to survive outside bankruptcy if it fails to stem its losses and stop burning cash. The “going concern” warning from the struggling U.S.

Tags: Bankruptcy, General Motors, Gm, Going Concern, Losses, Substantial Doubt, United States

General Motors today said its auditors had raised “substantial doubt” about its ability to survive outside bankruptcy if it fails to stem its losses and stop burning cash. The “going concern” warning from the struggling U.S.

Tags: Bankruptcy, Doubts, General Motors, Gm, Going Concern, Losses, Substantial Doubt, Survival, United States

The number of “going concern” warnings by corporate auditors could hit an all-time high this year, as the U.S. recession has put the survival of hundreds of companies in doubt, the CEO of accounting firm Grant Thornton predicted this week.

Tags: Accounting Firm, Ceo, Corporate Auditors, Doubt, Going Concern, Grant Thornton, Recession, Survival, United States

Seating and electronics supplier Lear Corp. expects its auditors to question the supplier’s ability to remain solvent through 2009 when Lear files its annual report with the U.S. Securities and Exchange Commission.

Tags: Annual Report, Electronics Supplier, Going Concern, Lear Corp, Securities And Exchange, Securities And Exchange Commission