Share
The Business Journal
A Fresno auto dealer has entered a new venture that spearheaded the recent acquisition of a Southern California Jaguar Land Rover dealership.
Trinity Automotive Group is a Fresno-based corporation that came about after a business broker introduced Scott Biehl, dealer principal of Mercedes Benz of Fresno, with a pair of heavy hitting investors. Together they have acquired Hornburg Jaguar Land Rover Los Angeles from Pendragon North America Automotive, a British auto dealership group.
The purchase price for the dealership — now known as Jaguar Land Rover Los Angeles — was a reported 15.8 million British pounds, or $21.65 million given the current exchange rate.
In a news release, Biehl said the dealership currently ranks in the top 10 in sales among U.S. Jaguar Land Rover dealerships. It also has a legacy that made it an attractive acquisition.
By Donald A. Promnitz | 2 Feb 2021
RELATED TOPICS:
BTC Scammy Scams, Impact of Blockchain on Global Markets: Crypto The WonderDog Show
14 hours ago
US Vetoes Full United Nations Membership for Palestine
14 hours ago
Barbara Corcoran: 1% Interest Rate Drop Will Send Housing Prices ‘Through the Roof’
15 hours ago
Cavinder Twins Are Returning to Miami for Their Last Season
16 hours ago
Biden is Off on Details of His Uncle’s WWII Death as He Calls Trump Unfit to Lead the Military
19 hours ago
US and UK Issue New Sanctions on Iran in Response to Tehran’s Weekend Attack on Israel
19 hours ago
Who Owns Businesses in California? A Lawmaker Wants the Public to Know