The ruckus today seems on who is in and who is out as far as dealerships for Chrysler and General Motors is concerned. And as far as the Asbury Automotive Group is concerned, 1 Chrysler and 2 GM dealerships are out.
The company today announced that its Nalley Chrysler/Jeep dealership in Roswell, Georgia is on Chrysler LLC’s list of stores that it intends to reject as part of its dealer consolidation plan. In addition, General Motors has notified the Company that it will not renew the franchise agreements for two Asbury dealerships in Kissimmee, Florida – a Chevrolet franchise and a combined Pontiac/Buick/GMC store – when they expire in November 2010.
The three dealerships generated revenues of approximately $105 million in 2008, or about 2% of Asbury’s total revenues of $4.6 billion.
(Source) Press
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