US based automotive retailer, AutoNation will not sell, lease or wholesale any new or used vehicle that falls under open safety recall. AutoNation is one of the largest automotive retailers in the US with 293 vehicle franchises across the ...
Tags: AutoNation, retailer, safety recalls
Group 1 Automotive, an automotive retailer, has acquired Munday Chevrolet and Munday Mazda in Huston, Texas. Apart from selling new and used cars, Group 1 Automotive also sells vehicle parts, provides insurance and service contracts as ...
Tags: Chevrolet, Mazda, Auto Parts
The Penske Automotive Group, Inc. has signed an agreement to acquire the Commercial Vehicles Group from Transpacific Industries Group Ltd. for a purchase price of $219 million. The completion of the transaction is subject to normal closing ...
Tags: Australian Truck
US-based automotive retailer Penske Automotive has signed an agreement with car rental firm Hertz to join its franchising network. Under the agreement, Penske Automotive will buy the assets of Hertz's existing Memphis market, enabling the ...
Tags: Penske Automotive, car rental, franchising network, Hertz
Group 1 Automotive, an automotive retailer, has reported total revenue of $1.9bn for the second quarter ended 30 June 2012, an increase of 28.6%, compared to $1.47bn for the same period in 2011. The company posted net income of $28.62m ...
Tags: Group 1 Automotive, automotive retailer, net income, gross profit
Group 1 Automotive, a US-based automotive retailer, has acquired a Honda franchise and a Volkswagen franchise in the Panama City, Florida, that are expected to generate $52m in annual revenues. The two dealerships are located in ...
Tags: Group 1 Automotive, vehicle parts, light trucks, Honda
Automotive retailer Lithia Motors has acquired Bitterroot Toyota, a car dealer that sells car from Toyota, located in Missoula, Montana, US. Following the acquisition, which is expected to add $45m in annual revenues, the new ...
Tags: lithia motors, bitterroot toyota, automotive retailer, car dealer
Automotive retailer Penske Automotive has acquired California based Savage BMW/MINI dealerships for an undisclosed amount. The company said it expects the acquired dealerships to contribute about $125m in its annualised revenue. Penske ...
Tags: Penske Automotive, savage BMW/MINI, acquisition, savage dealerships
LSI Industries Inc. (Nasdaq:LYTS) today announced that it has entered into an agreement with Asbury Automotive Group Inc., the 6th largest automotive retailer in the country, to supply its LED site lighting in both new and existing ...
Tags: led light