Retail

$250 million to $275 million in Asbury divestitures will pay down some of debt from $1.3 billion Herb Chambers deal

Michael Welch, CFO of Asbury Automotive Group Inc.
Michael Welch, CFO of Asbury Automotive Group Inc., said the Herb Chambers deal would give the company a debt ratio "in the high 3s." (ASBURY AUTOMOTIVE GROUP INC.)
JH
By:
John Huetter
May 02, 2025 01:00 PM

Featured Stories

Manufacturing
Parts tariffs are now in effect. Here’s how they work
Manufacturing

Auto parts became subject to a 25% tariff May 3. Automotive News breaks down how the new duty works.

JI
By:
John Irwin
Parts tariffs are now in effect. Here’s how they work
Volkswagen
VW halts U.S. sales of ID Buzz for 2 safety recalls; rear seat too wide with just 2 seatbelts
Volkswagen
JW
By:
Jack Walsworth
VW halts U.S. sales of ID Buzz for 2 safety recalls; rear seat too wide with just 2 seatbelts
Best Practices
Maryland auto group digitizes internal forms to save time, printing costs
Best Practices
CM
By:
C.J. Moore
Maryland auto group digitizes internal forms to save time, printing costs
Sales
Car buyers trying to beat tariff price hikes did a ‘bank run’ on dealers’ lots in April
Sales
LP
By:
Larry P. Vellequette
Car buyers trying to beat tariff price hikes did a ‘bank run’ on dealers’ lots in April