Group 1 Automotive acquires South Carolina dealerships By Investing.com

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© Reuters.

HOUSTON – Group 1 Automotive, Inc. (NYSE: NYSE:), a Fortune 300 company and a major player in the automotive retail sector, has expanded its market presence with the acquisition of Modern Classic Motors in Hilton Head, South Carolina. The deal, which includes three franchises—Mercedes-Benz, Sprinter, and Honda—strengthens Group 1’s portfolio in the United States and the United Kingdom.

The newly acquired dealerships are situated in Beaufort County, known…

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