Champion Acura to Break Ground on New Facility
Construction Begins on Houston Area's Most State-of-the-Art Dealership
HOUSTON, Jan. 7 -- Champion Acura, Houston's largest Acura dealership, announced today that it will break ground on its new, state-of- the-art sales and service facility on January 9, 2008, at 11:00 a.m. The new dealership is located at I-45 and Butler Road in League City.
"We're excited by what this facility is going to offer our customers and our associates," said John Morford, Region Market President "We're already at the leading edge of automotive retailing with things like our e-vehicle program and our pledge for fair and transparent financing. Now we're going to have a facility with the architectural attributes and physical capabilities to match."
The new structure sits on 4.5 acres and will feature 36,000 square feet of enclosed sales and service space. The showroom floor will have space to display 4 vehicles and will accommodate a fully functioning accessories store, a customer lounge and coffee bar, finance offices and administrative facilities. The entire sales floor will offer high-speed wireless Internet access for customers' convenience. The service area includes 22 service bays, each equipped with the most contemporary diagnostic and maintenance tools in the industry. Opening is anticipated for September, 2008.
The existing Champion Acura dealership is located at 12111 Gulf Freeway in Houston. Champion Acura, along with all of the dealerships in Texas that operate under the Champion brand name, is part of AutoNation, Inc. , America's largest automotive retailer. Currently, AutoNation's franchises in Texas offer new vehicles from Acura, BMW, Buick, Cadillac, Chevrolet, Ford, GMC, Honda, Hyundai, Isuzu, Mercedes, Mitsubishi, Nissan, Pontiac and Toyota, as well as used vehicles, parts and services, and finance and insurance products.
ABOUT AUTONATION, INC.
AutoNation, Inc., headquartered in Fort Lauderdale, Fla., is America's largest automotive retailer and was recently named "America's Most Admired Automotive Retailer" for 2007. A component of the Standard and Poor's 500 Index, AutoNation has approximately 26,000 full-time employees and owns and operates 331 new vehicle franchises in 16 states. For additional information, please visit http://corp.autonation.com/ or www.AutoNation.com, where more than 90,000 vehicles are available for sale.
FORWARD-LOOKING STATEMENTS
Certain statements and information included in this release constitute "forward-looking statements" within the meaning of the Federal Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied in such forward-looking statements. Additional discussion of factors that could cause actual results to differ materially from management's projections, estimates and expectations is contained in the Company's SEC filings. The Company undertakes no duty to update its forward- looking statements, including its earnings outlook.
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