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Group 1 Automotive Appoints New Director








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HOUSTON, Feb. 27, 2015 /PRNewswire/ — Group 1 Automotive, Inc. (NYSE: GPI), an international, Fortune 500 automotive retailer, now announced that a house of directors allocated Doyle L. Arnold as a Class we Director, effective immediately.  He will fill a cavity combined by a abdication of Beryl Raff, Chief Executive Officer of Helzberg Diamonds, who has served on a Group 1 Board of Directors given 2007.  Ms. Raff quiescent from Group 1′s Board to equivocate intensity conflicts due to a recently announced merger of a vast vehicle organisation by her employer, Berkshire Hathaway, Inc., a primogenitor association of Helzberg Diamonds.  Mr. Arnold will turn a Class we Director and will mount for choosing by Group 1′s shareholders during a Company’s 2015 Annual Meeting.

Mr. Arnold has served as a Vice Chairman and Chief Financial Officer of Zions Bancorporation in Salt Lake City, Utah given 2005.  Prior to fasten Zions Bancorporation, Mr. Arnold hold a accumulation of increasingly obliged positions in a banking field, including positions with a U.S. Treasury Department, Wells Fargo Company and BankAmerica Corporation.  He performed his Bachelor of Arts grade from Rice University in Houston, Texas and his Master of Business Administration grade from Stanford University in Palo Alto, California.  Mr. Arnold now serves on a Rice University Board of Trustees.

Mr. Arnold will offer on both a Audit and Nominating/Governance Committees of a Group 1 Board.  John Adams, Group 1′s Chairman of a Board commented, “Doyle brings a resources of vast house and financing attention knowledge to a Board.  This will be intensely profitable as we essay to continue to serve grow a automotive sell business in a future.”

About Group 1 Automotive, Inc.

Group 1 owns and operates 150 automotive dealerships, 195 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

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