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Sales of new vehicles at Orange County auto dealers plateaued at 191,910 last year after notching considerable gains for the previous six years, according to the Orange County Automobile Dealers Association.
Aliso Viejo-based chipmaker Microsemi Corp. reported revenue in the December quarter in line with Wall Street expectations, and an adjusted profit that beat estimates.
Mazda North American Operations has set the stage for a new generation of executives to join its senior management in Irvine.
Irvine-based Wet Seal notified the state Employment Development Department that it plans to lay off 148 local workers by March 21. It listed a permanent closure as the reason.
Susan Crank, chief executive of Lunada Bay Corp. in Anaheim, died on Jan. 23 after a battle with cancer.
Wet Seal LLC is exploring liquidation or a sale, according to news reports.
Fountain Valley-based Hyundai Motor America Inc.’s return to the Super Bowl will include a 90-second documentary filmed during the game that will air right after the final whistle.
Irvine-based Incipio Group promoted Ann Fong to chief operating officer, a new position.
Oakley Inc.’s Italy-based parent, Luxottica Group SPA, plans to combine operations with Essilor International S.A. in France, pending regulatory and shareholder approval.
Carrick Capital Partners in Newport Beach invested $22 million in Perfect Sense Inc. in Reston, Va.
Broncs Inc. in Compton has reached an initial deal with American Apparel LLC to take over the lease for its textile facility in Garden Grove, according to news reports.
Biolase Inc. in Irvine said Chief Financial Officer David C. Dreyer will resign effective Jan. 13 for “personal reasons unrelated to the company’s financial condition.”
Lotus Innovations LLC in Irvine acquired Commerx Corp., a leading global provider of digital and telecommunications services.
Courtney Group Inc. in Newport Beach acquired sandal brand Flojos from Conscious Corp. in Thousand Oaks on undisclosed terms.
Kia Motors America Inc. in Irvine debuted its first sports sedan Sunday at the North American International Auto Show in Detroit.