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Stock impact report

LTA Auto Group makes first Northern California acquisition [Yahoo! Finance]

Asbury Automotive Group Inc (ABG) 
Last asbury automotive group inc earnings: 2/3 07:00 am Check Earnings Report
Company Research Source: Yahoo! Finance
LTA Auto Group, a division American Automotive Capital Partners, has acquired Golden State Nissan and Golden State Infiniti and changed the names to Nissan of Serramonte and Infiniti of Serramonte The dealership acquisitions are the first of what American Automotive Capital Partners aims to be many, said T.J. Anthony, co-founder and CEO of AACAP. “We're fundamentally focused on building regional, well, in Northern California [and] Southern California, regional dealership platforms,” Anthony told WardsAuto in an interview. The Nissan and Infiniti franchises are located in Colma, a city in the San Francisco Bay area of Northern California. They were previously owned by Wise Auto Group. AACAP is bringing in new general managers and some other senior staff because the former managers left when the dealerships were acquired, Anthony said. But generally, AACAP aims to keep the management and staff when it acquires a dealership, he added. “Not only for the sake of continuity,” A Show less Read more
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