Business is booming at Pioneer Natural Resources Co., an oil and gas exploration company, and so is its demand for pickups. Pioneer bought more than 250 new Ford F-Series trucks since August and is ordering 200 more.
For the first time in two decades, General Motors Co., Ford Motor Co. and Chrysler Group LLC pulled off a sweep in the first three months of a year, with all three gaining U.S. market share in 2013’s first quarter.
Mike Jackson, chief executive officer of AutoNation Inc., says the largest U.S. auto dealer is stronger than ever. What’s not strong in his view is the U.S. economy, and that’s why he’s telling workers they won’t see higher paychecks anytime soon.
AutoNation Inc., the largest U.S. retailer of new vehicles, is negotiating to acquire several dealerships and sees pricing disputes that have held up deals this year being settled, its top executive said.