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Group 1 Automotive Acquires Audi Dealership in North Miami Beach, Florida








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HOUSTON, April 2, 2015 /PRNewswire/ – Group 1 Automotive, Inc. (NYSE: GPI), an international, Fortune 500 automotive retailer, currently announced that it acquired Prestige Audi in North Miami Beach, Florida.  This dealership has traditionally been ranked in a tip 10 new car offered Audi dealerships in the United States and is approaching to beget $160 million in estimated annual revenues. The Company now has 9 Audi dealerships opposite Florida, Texas, South Carolina, Massachusetts, and a United Kingdom. 

“We are gay to enhance a attribute with Audi in the United States and enter one of a best oppulance code automotive markets in the United States,” pronounced Earl J. Hesterberg, Group 1′s boss and arch executive officer.

About Group 1 Automotive, Inc.
Group 1 owns and operates 152 automotive dealerships, 197 franchises, and 38 collision centers in the United States, a United Kingdom and Brazil that offer 32 brands of automobiles. Through a dealerships, a Company sells new and used cars and light trucks; arranges compared car financing; sells use and word contracts; provides automotive upkeep and correct services; and sells car parts.

Group 1 Automotive can be reached on a Internet during www.group1auto.com.
This press recover contains “forward-looking statements” within a definition of a Private Securities Litigation Reform Act of 1995, that are statements compared to future, not past, events and are formed on a stream expectations and assumptions per a business, a economy and other destiny conditions. In this context, a forward-looking statements mostly embody statements per a goals, plans, projections and superintendence per a financial position, formula of operations, marketplace position, tentative and intensity destiny acquisitions and business strategy, and mostly enclose difference such as “expects,” “anticipates,” “intends,” “plans,” “believes,” “seeks,” “should,” “foresee,” “may” or “will” and identical expressions. While government believes that these forward-looking statements are reasonable as and when made, there can be no declaration that destiny developments inspiring us will be those that we anticipate. Any such forward-looking statements are not assurances of destiny opening and engage risks and uncertainties that might means tangible formula to differ materially from those set onward in a statements. These risks and uncertainties include, among other things, (a) ubiquitous mercantile and business conditions, (b) a turn of manufacturer incentives, (c) a destiny regulatory environment, (d) a ability to obtain an register of fascinating new and used vehicles, (e) a attribute with a vehicle manufacturers and a eagerness of manufacturers to approve destiny acquisitions, (f) a cost of financing and a accessibility of credit for consumers, (g) a ability to finish acquisitions and dispositions and a risks compared therewith, (h) unfamiliar sell controls and banking fluctuations, and (i) a ability to keep pivotal personnel. For additional information per famous element factors that could means a tangible formula to differ from a projected results, greatfully see a filings with a SEC, including a Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and Current Reports on Form 8-K. Readers are cautioned not to place undue faith on forward-looking statements, that pronounce usually as of a date hereof. We commence no requirement to publicly refurbish or correct any forward-looking statements after a date they are made, either as a outcome of new information, destiny events or otherwise.

Investor contacts:
Sheila Roth
Manager, Investor Relations
Group 1 Automotive, Inc.
713-647-5741 | [email protected]

Media contacts:
Pete DeLongchamps
V.P. Manufacturer Relations, Financial Services and Public Affairs
Group 1 Automotive, Inc.
713-647-5770 | [email protected]
or
Clint Woods
Pierpont Communications, Inc.
713-627-2223 | [email protected]

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SOURCE Group 1 Automotive, Inc.

RELATED LINKS
http://www.group1auto.com

Article source: http://www.prnewswire.com/news-releases/group-1-automotive-acquires-audi-dealership-in-north-miami-beach-florida-300060594.html

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