October 28, 2020

The Presidio Group Advises Priority Automotive Group on Sale of Honda Dealership

Transaction an important strategic asset management step

The Presidio Group LLC (“Presidio”), a leading investment bank specializing in retail automotive and related M&A transactions, exclusively advised Priority Automotive Group on the sale of Priority Honda Huntersville.

“We appreciate The Presidio Group’s help in achieving our strategic goals,” said Dennis Ellmer, CEO of Priority Automotive. “While Honda is a great franchise, we wanted to operate dealerships within a tighter geographic focus.”

Priority Automotive Group has dealerships throughout Virginia. The Honda franchise is located near Charlotte, NC. Its sale is part of an ongoing portfolio management strategy to focus on core assets in a specific geographic area.

“We were pleased to be able to assist Priority Automotive Group,” said George Karolis, President of The Presidio Group. “The automotive retail market is very healthy, and the Honda brand is always in demand.”

“We understood the strategic aim of this sale and are pleased

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car

Exploding Takata Air Bag Inflator In Honda Car Kills Arizona Driver, Marking 17th US Death

KEY POINTS

  • The company said the person who was killed wasn’t the registered owner of the vehicle
  • The reason of the crash was deemed to be the rupture of the air bag inflator in the driver’s side
  • Takata uses an ammonium nitrate-based propellant to inflate the air bags

An Arizona driver has been killed by the exploding Takata inflator in his Honda car, marking the 17th death in the U.S. caused by a faulty air bag inflator manufactured by Takata Corporation, a Tokyo-based automotive parts company.

The latest death occurred on Aug. 20 in Mesa in the crash of a 2002 Honda Civic, Reuters reported, citing a statement released on Saturday by the Honda Motor Company. The Japanese automobile company said that a joint inspection with the U.S. National Highway Traffic Safety Administration (NHTSA) revealed that the rupture of the inflator in the driver’s side led to the person’s

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