Sonic Automotive Announces Acquisition of BMW Dealership
By admin - Posted on June 29th, 2007
Tagged: Corporate
B. Scott Smith, the Company's President and Chief Strategic Officer, stated, "This is a premier BMW dealership and a terrific addition to our luxury brand mix in one of our largest markets. Acquisitions like this - stable, well run, luxury stores that we can take to the next level of operating performance - are what form the core of our acquisition strategy."
About Sonic Automotive, Inc.
Sonic Automotive, Inc., a Fortune 300 Company, is one of the largest automotive retailers in the United States operating 178 franchises and 37 collision repair centers.
Sonic can be reached on the Web at http://www.sonicautomotive.com/
Included herein are forward-looking statements, including statements regarding our acquisition criteria. There are many factors that affect management's views about future events and trends of the Company's business. These factors involve risk and uncertainties that could cause actual results or trends to differ materially from management's view, including without limitation, economic conditions, risks associated with acquisitions and the risk factors described in the Company's Quarterly Report on Form 10-Q for the quarter ended March 31, 2007. The Company does not undertake any obligation to update forward-looking information.
Source: Sonic Automotive, Inc.
Related links
- Kia Motors America Announces 14th Consecutive Year of Record Sales
- Ford Motor Company to Participate in MainFirst Bank Frankfurt Auto Show IAA Investor & Analyst Conference 2007
- Hella Reports 2006-07 Fiscal Year Profit Gains
- Spartan Chassis Receives $53 Million Subcontract Orders from BAE Systems for Production of MRAP Military Vehicles
- China Automotive Systems Reports Second Quarter 2007 Results












Recent comments
2 weeks 3 days ago
8 weeks 5 days ago
9 weeks 3 days ago
12 weeks 1 day ago
20 weeks 1 day ago
25 weeks 2 days ago
26 weeks 22 hours ago
27 weeks 6 days ago
29 weeks 5 days ago
31 weeks 1 day ago