Asbury Automotive Group, Inc. Announces Plans to Increase Technician Workforce
We intend to pursue these candidates through our working partnerships with local technical schools, community colleges, our vehicle manufacturer partners and the
We are excited about this initiative and continue to anticipate our parts and service gross profit growth rate percentage to be in the mid-single digits range for 2015.
About
Forward-Looking Statements
This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are statements other than historical fact, and may include statements relating to goals, plans, market conditions and projections regarding Asbury's hiring needs and expectations, financial position, liquidity and results of operations and the scope, nature, timing and expected benefits of its initiative to hire additional technicians. These statements are based on management's current expectations and beliefs and involve significant risks and uncertainties that may cause results to differ materially from those set forth in the statements. These risks and uncertainties include, among other things, Asbury's ability to attract, develop and retain qualified technicians, shortages of qualified technicians in the industries in which Asbury operates, market factors, including demand for additional parts and service business to keep any additional technicians working at full capacity, Asbury's relationships with, and the financial and operational stability of, vehicle manufacturers and other suppliers, risks related to competition in the automotive retail and service industries, general economic conditions both nationally and locally, Asbury's ability to execute its operational strategies and Asbury's ability to leverage gains from its dealership portfolio. There can be no guarantees that Asbury's plans for future operations, including its initiative to hire additional technicians, will be successfully implemented or that they will prove to be commercially successful.
These and other risk factors that could cause actual results discussed in this press release to differ materially from those expressed or implied in our forward-looking statements are and will be discussed in Asbury's filings with the
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SOURCE
PR, Kristi Griggs, Asbury Communications Liaison, 336-285-0210 Ext 105, pr@asburyauto.com, Investor, Matt Pettoni, VP & Treasurer, 770-418-8219, ir@asburyauto.com