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Tuesday, 24 September 2019 21:08

Group 1 Automotive Reports Aftermath of Tropical Storm Imelda in Texas

Tropical Storm Imelda causes closure of Interstate 10 in Houston. Tropical Storm Imelda causes closure of Interstate 10 in Houston. Sean Hannon, acritelyphoto/Shutterstock.com

Group 1 Automotive, Inc., an international, Fortune 500 automotive retailer, announced it has completed a preliminary assessment of damages across its southeast Texas dealerships in the aftermath of Tropical Storm Imelda.

 

Despite significant damage to inventory and some facilities due to extensive flooding in the region, preliminary assessments indicate all facilities are intact. Group 1's Houston stores reopened on Friday, Sept. 20, 2019. Operations in Beaumont, Texas, are open on a more limited basis, as that area was significantly impacted by the flooding. Total financial damages associated with the storm are estimated at approximately $12.5-15.0 million.

 

"Our top priority is supporting our employees in the areas affected by Tropical Storm Imelda," said Earl J. Hesterberg, Group 1's president and chief executive officer. "Beyond helping our employees, we are also moving quickly to get our stores fully online to support the community's needs for replacement vehicles, which includes working with our OEM partners and other Group 1 dealerships to redeploy inventory to restock our operations in Beaumont."

 

Obtained via PR Newswire.

 

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