HOUSTON -

Group 1 Automotive recently announced the acquisition of Rod East Volkswagen in San Antonio.

The dealership will be renamed Volkswagen of Alamo Heights and is expected to generate $48.5 million in estimated annual revenues.

"The addition of Volkswagen of Alamo Heights will augment our existing Freedom Chevrolet dealership in the San Antonio, Texas, market," explained Earl J. Hesterberg, Group 1’s president and chief executive officer.

"This makes the fourth Volkswagen franchise we have added to our diversified portfolio during the last 12 months, reflecting both our commitment to and the strength of our partnership with Volkswagen of America,” he added.