Group 1 Automotive, Inc. (NYSE: GPI) is an international Fortune 500 automotive retailer with automotive dealerships and collision centers in the United States, United Kingdom and Brazil. Group 1 sells new and used cars and light trucks, arranges vehicle financing, provides maintenance and repair services, and sells vehicle parts.
The company is led by former Ford Motor Company executives, CEO Earl J. Hesterberg and CFO John C. Rickel.
Video Group 1 Automotive
History
Group 1 was founded as a public corporation in 1997 with B. B. Hollingsworth as chairman and CEO. Group 1's founding dealership owners were Bob Howard of Oklahoma City, Sterling McCall and Kevin Whalen of Houston, and Charles Smith of Beaumont.
As of 2013, Group 1 became the third largest automotive retailer in the United States and as of 2018 the company owns 161 dealerships in 15 states across the USA, 18 in Brazil and 60 in the UK. Group 1 also operates collision centers throughout the USA, Brazil and the UK.
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Locations
Group 1 Automotive has dealerships in Alabama, California, Florida, Georgia, Kansas, Louisiana, Maryland, Massachusetts, Mississippi, New Hampshire, New Jersey, New Mexico, Oklahoma, South Carolina and Texas. Their corporate headquarters is in the Memorial City district of Houston, Texas.
Group 1 acquired UK dealers from 2012 to 2017, including: Barons Group, Chandlers Group, Essex Audi Group, Elms Group, Think Ford, Spire Automotive and most recently Beadles Group.
Group 1 purchased Brazilian automotive firm UAB Motors Participacoes S.A in 2013.
References
External links
- Group 1 Automotive
Source of the article : Wikipedia
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