Asbury furloughs 2,300 employees, cuts salaries

April 03, 2020 11:30 PM

Asbury Automotive Group is furloughing 2,300 employees and slashing executive pay as a result of the coronavirus pandemic, according to a regulatory filing.

Featured Stories

U.S. tariffs on imported vehicles are in effect, with parts duties following soon

What vehicle parts are now subjected to tariffs? Powertrain, suspension, safety and more

MSRP and dealers and finance, oh my! Why tariff price impacts may vary

Here’s our list of the 2025 Top 150 dealership groups

Latest News

Stellantis laying off nearly 1,000 workers in U.S. as tariffs pause production at some plants in Canada, Mexico

Daily 5 report for April 3: Stocks crash, job cuts emerge, costs rise as tariff chaos begins

Infiniti indefinitely stops crossover production in Mexico, citing Trump tariffs

Audi holding all vehicles delivered to U.S. ports after April 2

Staying current is easy with newsletters delivered straight to your inbox.

See More in Retail

Bennett Automotive Group sells Provincial Chrysler in Windsor, Ont.

Ex-Toyota dealer wins $550,000 from N.H. city after spending millions on 18-year legal dispute

Amazon’s used-vehicle interest could threaten listings companies

Toyota dealerships change hands in Ontario, B.C.

Staying current is easy with newsletters delivered straight to your inbox.