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Group 1 Automotive

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Group 1 Automotive, Inc.
Company typePublic
NYSEGPI
CIK: 0001031203
IndustryCar dealership
Founded1995
Headquarters,
Key people
Earl J. Hesterberg (CEO)
Websitewww.group1auto.com

Group 1 Automotive, Inc. (NYSEGPI) is a Fortune 500 company, founded in 1985,[1] and became public in 1997. It has its headquarters in the One Memorial City Plaza building in the Memorial City district of Houston, Texas.[2][3]

As of 2013, Group 1 became the third largest automotive retailer in the United States[4] and as of 2014 the company owns 116 dealerships in 15 states, 17 in Brazil and 17 in the UK.[5]

The company is led by former Ford Motor Company executive, Earl J. Hesterberg.[6]

Locations

Group 1 Automotive has dealerships in Alabama, California, Florida, Georgia, South Carolina, Louisiana, Massachusetts, Mississippi, Missouri, New Jersey, New Hampshire, New York, New Mexico, Oklahoma, and Texas.

Group 1 has acquired various UK dealers in 2012 to 2014.[7] Group 1 purchased Brazilian Automotive Group in 2013.

References

  1. ^ "Group 1 Automotive Inc". Wall Street Journal. Retrieved 16 January 2015.
  2. ^ "map_mcity_lg.gif." Memorial City. Retrieved on December 8, 2009.
  3. ^ "Contact Us." Group 1 Automotive. Retrieved on December 8, 2009.
  4. ^ "Group 1 snaps up 3 more dealerships in the UK". Automotive News. 1 December 2014. Retrieved 16 January 2015.
  5. ^ "Investor Relations". Group 1 Automotive. Retrieved 16 January 2015.
  6. ^ "Earl Hesterberg". Forbes. Retrieved 16 January 2015.
  7. ^ "Elms BMW and MINI dealership in Bedford sold to American company". Bedford Today. 1 December 2014. Retrieved 16 January 2015.