"Car Dealership Shake-Up Hits North Carolina: Hendrick Automotive Group Expands Its Reach. In a significant move that marks a shift in the state's automotive landscape, Hendrick Automotive Group has acquired three locations from Paramount Automotive Group, including Foreign Cars Italia's sites in Charlotte and Greensboro, North Carolina. The acquisition is the latest in a string of deals that have seen Hendrick, one of the largest privately-held automotive retailers in the US, expand its presence in the region. With this move, Hendrick is poised to increase its market share in the Tar Heel State, potentially impacting local car buyers and dealerships alike."
Hendrick Automotive Group bought Foreign Cars Italia’s three locations in Charlotte and Greensboro, N.C., from Paramount Automotive Group.
