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In December 2019, Asbury agreed to buy Texas-based Park Place Dealerships, a collection of luxury vehicle dealerships in the Dallas/Fort Worth area, for $1 billion. [15] On March 24, 2020, the deal was canceled amid concerns due to the COVID-19 pandemic. [16] However, a modified deal was reached on July 6 of that year [17] which closed on ...
Jeep will stay Jeep. That's a promise." [16] Many of the long-established AMC/Jeep dealers considered the new Eagle line of passenger cars to be less profitable than their Jeep business. American Motors had phased out domestic-built rear-wheel-drive passenger cars after 1983 and their Japanese front-wheel-drive imports did not achieve sales ...
On May 1, 1979, American Motors marked the 25th anniversary of the Nash-Hudson merger with "Silver Anniversary" editions of the AMC Concord and Jeep CJ in two-tone silver (Jeeps then accounted for around 50 percent of the company's sales and most of their profits), and introduced the LeCar, a U.S. version of the small, fuel-efficient Renault 5 ...
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