Corporate Social Responsibility | Business Wire | PR NewsWire | Marketwire | Realwire | ACN/JCN newswire | 247pressrelease | PRWeb

Group 1 Automotive Acquires BMW Dealership in Mobile, Alabama

HOUSTON, TX -- 11/05/09 -- 
 Group 1 Automotive, Inc. (NYSE: GPI), a Fortune
500 automotive retailer, today reported it acquired the only BMW franchise
in Mobile, Ala. The dealership will operate as BMW of Mobile, under Group
1's Eastern Region, and ..
Posted : Thu, 05 Nov 2009 21:05:45 GMT
Author : Group 1 Automotive Inc.
Category : Press Release
News Alerts by Email ( click here )
Press Release News | Home
HOUSTON, TX -- 11/05/09 -- Group 1 Automotive, Inc. (NYSE: GPI), a Fortune 500 automotive retailer, today reported it acquired the only BMW franchise in Mobile, Ala. The dealership will operate as BMW of Mobile, under Group 1's Eastern Region, and is expected to generate an estimated $37.7 million in annual revenues. BMW of Mobile is located at 3025 Highway 90 West, approximately three miles from Group 1's existing Pat Peck Nissan dealership.

Including this acquisition, Group 1 now owns and operates 11 BMW dealerships in the United States and three in the United Kingdom.

About Group 1 Automotive, Inc.

Group 1 owns and operates 97 automotive dealerships, 129 franchises, and 24 collision service centers in the United States and the United Kingdom that offer 31 brands of automobiles. Through its dealerships, the company sells new and used cars and light trucks; arranges related financing, vehicle service and insurance contracts; provides maintenance and repair services; and sells replacement parts.

Group 1 Automotive can be reached on the Internet at www.group1auto.com.

This press release contains "forward-looking statements," which are statements related to future, not past, events. In this context, the forward-looking statements often include statements regarding our goals, plans, projections and guidance regarding our financial position, results of operations, market position, pending and potential future acquisitions and business strategy, and often contain words such as "expects," "anticipates," "intends," "plans," "believes," "seeks" or "will." Any such forward-looking statements are not assurances of future performance and involve risks and uncertainties that may cause results to differ materially from those set forth in the statements. These risks and uncertainties include, among other things, (a) general economic and business conditions, (b) the level of manufacturer incentives, (c) the future regulatory environment, (d) our ability to obtain an inventory of desirable new and used vehicles, (e) our relationship with our automobile manufacturers and the willingness of manufacturers to approve future acquisitions, (f) our cost of financing and the availability of credit for consumers, (g) our ability to complete acquisitions and dispositions and the risks associated therewith, (h) foreign exchange controls and currency fluctuations, and (i) our ability to retain key personnel. These factors, as well as additional factors that could affect our forward-looking statements, are described in our Form 10-K under the headings "Business -- Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations." We urge you to carefully consider this information. We undertake no duty to update our forward-looking statements, including our earnings outlook.

Investor contacts:
Kim Paper Canning
Manager, Investor Relations
Group 1 Automotive Inc.
713-647-5741
Email Contact
or
John Roper
Fleishman-Hillard Inc.
713-513-9505

Media contacts:
Pete DeLongchamps
Vice President, Manufacturer Relations and Public Affairs
Group 1 Automotive Inc.
713-647-5770
Email Contact
or
Clint Woods
Pierpont Communications, Inc.
713-627-2223


Copyright © 2008 Market Wire. All rights reserved.
Share/Save/Bookmark

Article : Group 1 Automotive Acquires BMW Dealership in Mobile, Alabama
Print this article
Share this article

Stay Updated

News gadget on your Google homepage
Subscribe to a news feed in Google Reader



Related News

Terra Industries Board of Directors Comments on CF Industries’ Latest Approach
SIOUX CITY, Iowa - Terra Industries Inc. (NYSE:TRA) today announced that, over the weekend, CF Industries Holdings, Inc. (NYSE: CF) submitted a proposed merger agreement to Terra, containing the same economic terms as its most recent proposal from November 1, together with a 30-day “go

REMINDER: Media Advisory: LAX FlyAway(R) Service Formally Inaugurates Daily Nonstop Bus Service to Irvine, Six Times Daily
LOS ANGELES, CA -- 11/22/09 -- WHAT: Los Angeles Mayor Antonio R. Villaraigosa will be joined by officials from the City of Irvine and Orange County transportation agencies to formally inaugurate the ne..

Maxprog Releases New MaxBulk Mailer 7
Maxprog is proud to present a new release of MaxBulk Mailer, new version 7, available now on Maxprog website with several interesting new features and improvements. MaxBulk Mailer is an email-merge solution for Macintosh and Windows that supports plain text, HTML and rich text formats includi...

Andean Resources Ltd.: New San Marcos Discovery at Cerro Negro
PERTH, AUSTRALIA -- 11/22/09 -- Andean Resources (TSX: AND)(ASX: AND) is pleased to report another new vein discovery from the ongoing exploration drill program at its 100% owned Cerro Negro project in Southern Argentina. Today's release includes t..

Defence Minister Declares Security Forum "World-Class" Event
HALIFAX, NOVA SCOTIA -- 11/22/09 -- As the three-day Halifax International Security Forum today wrapped up its final sessions, the Honourable Peter MacKay, Minister of National Defence and Minister for the Atlantic Gateway, declared the inaugural e..

Radiance Fine Jewelry 3rd Annual Holiday Party and Galatea Trunk Show
CHICAGO, IL -- 11/22/09 -- With the coming holidays, why give the same gift that everyone else is giving when you can come by Radiance Fine Jewelry and get something truly special. "Galatea Jewelry by Artist" has created some of the most unique pie..

The Grove’s Annual Tree Lighting Celebration and Concert, Sponsored by Cadillac, Features Special Performances, Celebrity Appearances, Lighting of the 100-ft Tree and Spectacular Fireworks Finale
LOS ANGELES - The Grove will host its annual tree-lighting event, “Hollywood Christmas Celebration at The Grove” on Sunday, November 22 at 7:30 p.m. The festive celebration, free to the public, draws crowds from throughout Los Angeles who come to see the stunning 100-foot Christm

Have your Say
Name
Email
Subject
Your Comment

Enter Verification code
 
  

 
Follow The Earth Times
Subscribe to RSS Follow Earth Times on TwitterNews by email
Share/Save/Bookmark
 
 



 
Subscribe to free Earthtimes
News Alerts by Email Click here
For RSS Feeds Click here
or Create your own RSS

Add to Google Toolbar
Breaking News
Press Releases

 


The Earth Times
News Category

© 2009 www.earthtimes.org, The Earth Times, All Rights Reserved | Privacy Policy
Earth Times accept no responsibility or liability either directly or indirectly for views or opinions expressed in articles or comments.