Sonic Automotive Announces Acquisition of Audi New Orleans
Summary
CHARLOTTE, N.C.--(BUSINESS WIRE)--Sonic Automotive, Inc. (“Sonic’’ or the “Company”) (NYSE:SAH), a Fortune 500 Company and one of the nation’s largest automotive and powersports retailers, today announced the recent acquisition of Audi New Orleans, located in Metairie, Louisiana, serving the greater New Orleans area. The acquisition of Audi New Orleans complements the Company’s diverse portfolio of automotive brands. The acquisition of Audi New Orleans brings the Company’s franchise automotive dealership portfolio to 108 locations nationwide. Our Company culture thrives on creating, innovating, and providing industry-leading guest experiences, driven by strategic investments in technology, teammates, and ideas that ultimately fulfill ownership dreams, enrich lives, and deliver happiness to our guests and teammates. As one of the largest automotive and powersports retailers in America, we are committed to delivering on this goal while pursuing expansive growth and taking progressive measures to be the leader in these categories.