We could not be more pleased with our investments in the Lexus and Toyota franchises in Manchester and Houston. These franchise and facility actions will support additional revenue and profit growth while leveraging our operational scale. The stock repurchase and franchise dispositions demonstrate our commitment to improve stockholder value and are consistent with our previously announced strategy.
More Quotes from Earl Hesterberg:
The appointment of regional CFOs is a natural step in the regionalization process we announced last November. Under John's leadership, this will create a very strong finance team that will improve our finance systems and analytical capabilities. Additionally, each of these regional CFOs possesses significant automotive retail experience and will be located with our regional vice presidents. This will enable them to support our regional vice presidents in standardizing and unifying our key operating processes, improving our cost structure and our overall efficiency levels.Earl Hesterberg
We are very pleased to have experienced automotive people like Steve join our team. We need this type of leader to help us improve our overall operating efficiency while simultaneously growing our company.
Earl Hesterberg
Despite lower domestic-brand new vehicle sales during the fourth quarter, our company was able to realize meaningful improvements in our overall profit performance.
Earl Hesterberg
We have Chevy stores in Texas, Oklahoma and Albuquerque and Denver, and our people are very excited.
Earl Hesterberg
Cliff has been an integral part of the management team at Group 1 since 1998. I would like to thank Cliff for his contributions and wish him well in his new endeavors.
Earl Hesterberg
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