Group 1 Automotive News

Car retailer Group 1 Automotive said it has reduced the borrowing capacity under its credit arrangement with Ford Motor Credit for floorplan financing to $150 million, from $300 million, with no change to the terms or pricing.

Auto retailer Group 1 Automotive halved its borrowing capacity under its credit line with Ford Motor Company to $150 million because of lower sales.

Sterling McCall Toyota is among the dealerships owned by Group 1 Automotive, led by CEO Earl Hesterberg.

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The Deal: The two Pathman Lewis lawyers helped sell a Ford dealership in Miami's Kendall area to Gus Machado for almost $19 million.

The ongoing market uptrend in April brought strong performance from basic materials, real estate and emerging markets.

Adjusted diluted income per share from continuing operations 0.24 0.75 % Adjusted net income from continuing operations and adjusted diluted earnings per share from continuing operations means net income from continuing operations or diluted earnings per share from continuing operations, as the case may be, plus the adjustments noted above.

Group 1 Automotive Inc. has acquired a Hyundai dealership in Houston and, in a separate deal, sold its World Ford of Kendall dealership in Miami.

Car dealer Gus Machado has acquired his second Ford dealership in Miami-Dade County.

As the economy was dropping last summer, the steel of a new showroom at Mercedes-Benz of Augusta was going up.

Compli, the leading provider of on-demand dealership compliance management software for U.S. auto dealers, today announced that the use of their Dealership Compliance Management System by Group 1 Automotive in Houston, Texas, has helped the dealership group adopt and automate their Red Flags compliance, leading to a measurable 98% Red Flags ...

March is spring break time from school, and that means it's time for a summer job hunt.

New claims for jobless benefits fell last week, but the preliminary count of 639,000 - down from the previous week's 670,000 - did little to raise optimism about Friday's release of national unemployment ...

H&R Block today said sales during the three months that ended Jan. 31 topped $993 million, beating Wall Street estimates.

Tannahs restaurant will take the former Cheeseburger in Paradise spot in Leawood.

Have a question about your retirement account, taxes, and refinancing your house? Call the Dollars & Sense personal finance hotline on Sunday, March 15, from noon to 2 p.m. Your calls will be answered by ...

After 18 years, Crown Center fixture Zoom will relocate to the Country Club Plaza.

Fed president's prescription - "courageous?" or recipe for "meltdown?" Tom Hoenig Washington should scrap its TARP-model for rescuing banks deemed "too big to fail" and prepare to "resolve" them the old ...

Online want ads dropped in February, on top of sharp declines in January and February.

The mid-January closing and Wednesday's reopening of Famous Dave's Legendary Pit Bar-B-Que in the Power & Light District stirred up barbecue fans.