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Group 1 Automotive, Inc. Q2 2010 Earnings Call Transcript

Group 1 Automotive, Inc. (GPI)

Q2 2010 Earnings Conference Call

July 27, 2010 11:00 AM ET

Executives

Pete DeLongchamps – VP, Manufacture Relations and Public Affairs

Earl Hesterberg – President and CEO

John Rickel – SVP and CFO

Analysts

John Murphy – Bank of America Merrill Lynch

Patrick Archambault – Goldman Sachs

Mathew Nemer – Wells Fargo Securities

Himanshu Patel – JP Morgan

Ravi Shankar – Morgan Stanley

Rick Nelson – Stevens

Presentation

Operator

Good morning, ladies and gentlemen, and welcome to the Group 1 Automotive Inc, Second Quarter 2010 earnings conference call. Please be advised that this call is being recorded.

I would like to turn the conference call over to Mr. Pete DeLongchamps, Vice President of Manufacture Relations and Public Affairs. Please go ahead sir.

Peter DeLongchamps

Thank you, Elizabeth and good morning, everyone, and welcome to today's call. Before we begin, I would like to make some brief remarks about forward-looking statements and the use of non-GAAP financial measures. Except for historical information mentioned during the conference call, statements made about management of Group 1 Automotive are forward-looking statements that are made pursuant to the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995.

Forward-looking statements involve both known and unknown risks and uncertainties, which may cause the company's actual results in future periods to differ materially from forecasted results. Those risks include, but are not limited to risks associated with pricing, volume, and the conditions of markets. Those and other risks are described in the company's filings with the Securities and Exchange Commission over the last 12 months. Copies of these filings are available from both the SEC and the company.

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