Quick Facts
FONT-SIZE Plus   Neg
Share SHARE

Sonic Automotive To Buy Two Franchises From Murray Motor Imports - Quick Facts

RELATED NEWS
Trade SAH now with 

Automotive retailer Sonic Automotive, Inc. (SAH: Quote) Friday said it has entered into an agreement to purchase two franchises, Murray BMW of Denver and Mercedes-Benz of Denver, from Murray Motor Imports Co. of Denver, Colorado. The purchase is expected to be completed by the end of July.

The franchises are expected to add about $200 million in revenue during Sonic Automotive's first year of operation.

Sonic Automotive currently operates Mountain States Toyota and Lone Tree Cadillac in Denver, bringing its total dealership count in the market to four. Sonic, through this purchase expects to further leverage its existing management infrastructure in the region.

Click here to receive FREE breaking news email alerts for Sonic Automotive Inc and others in your portfolio

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Swiss drug maker Roche Holding said a late-stage trial of its breast cancer drug Kadcyla did not provide superior results compared with an existing therapy. FCA US, until recently known as Chrysler, said Friday it is recalling 257,000 Dodge Ram pickups. The auto maker says the rear axle pinion nut on certain model year 2005 Dodge Ram 1500 trucks may loosen due to an undersized spline on the pinion gear. If the pinion nut loosens, the rear axle may... This medical device company has a very impressive track record of growing business over the past decade. increasing sales from $490.2 million in 2004 to $1.72 billion this year. The Silicone Hydrogel daily disposable lens portfolio constitutes a major avenue for growth.
comments powered by Disqus
FREE Newsletters, Analysis & Alerts

 

Stay informed with our FREE daily Newsletters and real-time breaking News Alerts. Sign up to receive the latest information on business news, health, technology, biotech, market analysis, currency trading and more.