Group 1 automotive says covid-19 virus is impacting business levels in all three markets

Group 1 automotive provides business update.group 1 automotive inc - covid-19 virus is impacting business levels in all three of group 1's markets - u.s., u.k., and brazil.group 1 automotive inc - overall u.s. vehicle sales volumes currently down 50-70 percent from normal expected march volumes.group 1 automotive- actions include furlough of 3,000 u.s. operating and staff employees for a 30-day period with an option for a second 30-day period.group 1 automotive inc - actions include ceo salary reduction of 50%.group 1 automotive inc - actions include furlough of 2,800 u.k. employees for an initial 21 days, about 90% of co's u.k. workforce.group 1 automotive inc - elimination of chairman, committee chair, and cash retainer fees for all directors.group 1 automotive inc - to cut u.s. marketing expenses by more than 75%.
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