Captives join to give Asbury more clout for acquisitions

Henry, Jim
January 2001
Automotive News;1/29/2001, Vol. 75 Issue 5913, p24
Trade Publication
Reports on Asbury Automotive Group's financing agreement with Ford Motor Credit Co., Chrysler Financial Co. LLC and General Motors Acceptance Corp. that increases Asbury's borrowing power for acquisitions. Amount earmarked for acquisitions and floorplanning; Automobile groups that are tapping the captive companies.


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