Group 1 Automotive to acquire Classic Chrysler Dodge Jeep Ram of Denton and Classic Mazda of Denton.

Group 1 Automotive, an automotive retailer, agreed to acquire Classic Chrysler Dodge Jeep Ram of Denton and Classic Mazda of Denton, two car dealerships in Texas. Financial terms were not disclosed. "We are excited to expand our presence in the fast-growing Dallas-Fort Worth metro market with these strong brands," Daryl Kenningham, Group 1 Automotive President of US and Brazilian Operations.