Group 1 Automotive completes credit deals


DETROIT, Dec 19 (Reuters) - Auto dealership Group 1 Automotive Inc. on Monday said it has completed a $950 million five-year revolving credit arrangement with 16 financial institutions. The group also said it has completed two additional one-year credit arrangements with the finance arms of automakers Ford Motor Co. and DaimlerChrysler AG , providing $300 million and $210 million in vehicle inventory financing, respectively.

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