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July 29, 2009 - Industry News

Group 1’s Cost-Cutting Measures Lead to Better 2Q Results

Group 1 Automotive Inc. reported second quarter adjusted net income from continuing operations of $10.3 million, down 42.4 percent, or $17.8 million, from the year-ago period.

Tags: Group 1 Automotive

June 23, 2009 - Industry News

Group 1 Reduces Ford Motor Credit Financing Capacity

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

Tags: Ford Credit, Group 1 Automotive

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