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Freedom chevrolet in san antonio texas12/20/2023 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. 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. Any such forward-looking statements are not assurances of future performance and involve risks and uncertainties that may cause actual results to differ materially from those set forth in the statements. 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,” “may” or “will” and similar expressions. Group 1 Automotive can be reached on the Internet at This press release contains “forward-looking statements,” which are statements related to future, not past, events and are based on our current expectations and assumptions regarding our business, the economy and other future conditions. Through its dealerships, the company sells new and used cars and light trucks arranges related vehicle financing, service and insurance contracts provides automotive maintenance and repair services and sells vehicle parts. Group 1 owns and operates 110 automotive dealerships, 142 franchises, and 28 collision centers in the United States and the United Kingdom that offer 31 brands of automobiles. “This makes the fourth Volkswagen franchise we have added to our diversified portfolio during the last 12 months, reflecting both our commitment to and the strength of our partnership with Volkswagen of America.” Hesterberg, Group 1’s president and chief executive officer. “The addition of Volkswagen of Alamo Heights will augment our existing Freedom Chevrolet dealership in the San Antonio, Texas, market,” said Earl J. The dealership will be renamed Volkswagen of Alamo Heights and is expected to generate $48.5 million in estimated annual revenues. HOUSTON - Group 1 Automotive, Inc., a Fortune 500 automotive retailer, this week announced the acquisition of Rod East Volkswagen in San Antonio, Texas.
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