Group 1 Automotive completed the acquisition of the UK retail operations of Inchcape for £346m.

Group 1 Automotive, one of the largest dealership groups in the US, completed the acquisition of the UK retail operations of Inchcape, a global automotive distributor, for £346m. "This transformative acquisition effectively doubles our U.K. footprint, giving us access to new markets throughout England with a collection of outstanding brands. We are delighted to welcome our new team members as we collaborate to deliver an excellent customer experience," Daryl Kenningham, Group 1 Automotive President and CEO.