Group 1 Automotive acquires three dealerships

Dec 19, 2007 (Datamonitor via COMTEX) -- GPI | charts | news | PowerRating -- Group 1 Automotive has reported that it has expanded its luxury and import offerings in its eastern region by acquiring Mercedes-Benz, BMW and Volkswagen franchises in Georgia and South Carolina in US.

The three dealerships are expected to generate approximately $107.1 million in estimated annual revenues. The dealerships will operate under the names Mercedes-Benz of Augusta, located in Augusta, Georgia and BMW of Columbia, and Advantage Volkswagen, both of Columbia, South Carolina.

Earl Hesterberg, president and CEO of Group 1 Automotive, said: "We are delighted to add these growing import and luxury brands to our portfolio in these expanding markets."

http://www.datamonitor.com

Republication or redistribution, including by framing or similar means, is expressly prohibited without prior written consent. Datamonitor shall not be liable for errors or delays in the content, or for any actions taken in reliance thereon

More News:   Market Updates | Stock Alerts | All Trading News | Stock Index