DALLAS--(BUSINESS WIRE)--Feb 13, 2026--
Park Place Dealerships, a part of Asbury Automotive Group, Inc. (NYSE: ABG), broke ground today on a new Porsche dealership and an expanded Volvo facility on Lemmon Avenue in Dallas. The project represents a significant investment in the client experience and the future of luxury automotive retail in North Texas.
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Park Place Dealerships purchased 15 acres in December 2024 and plans to build a state-of-the-art Porsche dealership to be completed in 2027 as well as construct a Volvo service center adjacent to the existing Volvo dealership.
“We believe that these projects allow us to elevate the experience for both Porsche and Volvo clients in a meaningful way,” shared David Hult, President and Chief Executive Officer of Asbury. “The new Porsche dealership is expected to be one of the premier Porsche dealerships in the country, with the ability to serve clients at the highest level. At the same time, bringing the Volvo service center onto the property adds a level of convenience our clients truly value, creating a more seamless, efficient experience from the moment a client arrives onsite.”
The Volvo dealership has been under renovation for the past eight months and is expected to be completed in early 2027. The expanded sales facility will feature a new exterior and interior with a sleek new showroom and a client lounge that will be the living room of the dealership that offers a relaxing, modern space with comfortable seating, a self-serve coffee bar, and room for conversations with Park Place sales and service advisors.
A new service facility will be added onsite for the Volvo dealership, to handle service for all Volvo models.
Park Place Porsche plans to move from its existing dealership on Lemmon Avenue across the street to 6000 Lemmon Avenue next year.
About Park Place Dealerships
Park Place Dealerships was founded in 1987 and employs more than 1,400 members. Park Place Dealership operates three collision centers, an auto auction, and nine full-service dealerships representing luxury brands including Lexus, Mercedes-Benz, Porsche, Volvo, Land Rover, Acura, and Sprinter Vans. Park Place is a part of Asbury Automotive Group, Inc., a Fortune 500 company headquartered in Atlanta, GA. Asbury is one of the largest automotive retailers in the U.S. For more information, visit parkplace.com.
About Asbury Automotive Group, Inc.
Asbury Automotive Group, Inc. (NYSE: ABG), a Fortune 500 company headquartered in Atlanta, Georgia, is one of the largest automotive retailers in the U.S. In late 2020, Asbury embarked on a multi-year plan to increase revenue and profitability strategically through organic operations, acquisitive growth and innovative technologies, with its guest-centric approach as Asbury’s constant North Star. As of December 31, 2025, Asbury operated 171 new vehicle dealerships, consisting of 223 franchises and representing 36 domestic and foreign brands of vehicles. Asbury also operates Total Care Auto, Powered by Asbury, a leading provider of service contracts and other vehicle protection products, and 39 collision repair centers. Asbury offers an extensive range of automotive products and services, including new and used vehicles; parts and service, which includes vehicle repair and maintenance services, replacement parts and collision repair services; and finance and insurance products, including arranging vehicle financing through third parties and aftermarket products, such as extended service contracts, guaranteed asset protection debt cancellation, and prepaid maintenance. Asbury is recognized as one of America’s Fastest Growing Companies 2024 by the Financial Times, one of the World’s Most Trustworthy Companies 2024 and 2025 by Newsweek, and one of America’s Most Successful Small-Cap Companies by Forbes for 2026.
For additional information, visit www.asburyauto.com.
Forward-Looking Statements
This press release contains ‘forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are statements other than historical fact, and may include statements relating to goals, plans, objectives, beliefs, expectations and assumptions regarding the successful completion of the major renovations and new facilities, the Park Place Porsche relocation, and the expected benefits of the enhancements and buildings.
The following are some but not all of the factors that could cause actual results or events to differ materially from those anticipated, including: risks related to permitting and construction delays; our failure to realize the benefits expected from the renovations and new facilities and anticipate our guest’s expectations of tomorrow; disruption of ongoing business operations due to the construction activities; and other risks described from time to time in our filings with the Securities and Exchange Commission, including our Annual Report on Form 10-K filed with the Securities and Exchange Commission on February 26, 2025 and subsequent filings.
These forward-looking statements and such risks, uncertainties and other factors speak only as of the date of this press release. We undertake no obligation to publicly update any forward-looking statement, whether as a result of new information, future events or otherwise.
From left to right: Kendrick Lathum, VP National Industrial Market Leader, Brinkmann Construction; Dave Kurtz, VP Area South/Central, Porsche Cars North America; Dan Clara, Chief Operating Officer, Asbury Auto; Jesse Moreno, Mayor Pro Tem, City of Dallas; Matt Woolsey, Area Vice President, Park Place Dealerships; Steve Klipstein, Head of Network for Volvo Southern Region, Volvo
CAIRO (AP) — The Iranian security agents came at 2 a.m., pulling up in a half-dozen cars outside the home of the Nakhii family. They woke up the sleeping sisters, Nyusha and Mona, and forced them to give the passwords for their phones. Then they took the two away.
The women were accused of participating in the nationwide protests that shook Iran a week earlier, a friend of the pair told The Associated Press, speaking on condition of anonymity for her security as she described the Jan. 16 arrests.
Such arrests have been happening for weeks following the government crackdown last month that crushed the protests calling for the end of the country’s theocratic rule. Reports of raids on homes and workplaces have come from major cities and rural towns alike, revealing a dragnet that has touched large swaths of Iranian society. University students, doctors, lawyers, teachers, actors, business owners, athletes and filmmakers have been swept up, as well as reformist figures close to President Masoud Pezeshkian.
They are often held incommunicado for days or weeks and prevented from contacting family members or lawyers, according to activists monitoring the arrests. That has left desperate relatives searching for their loved ones.
The U.S.-based Human Rights Activists News Agency has put the number of arrests at more than 50,000. The AP has been unable to verify the figure. Tracking the detainees has been difficult since Iranian authorities imposed an internet blackout, and reports leak out only with difficulty.
Other activist groups outside Iran have also been working to document the sweeps.
“Authorities continue to identify people and detain them,” said Shiva Nazarahari, an organizer with one of those groups, the Committee for Monitoring the Status of Detained Protesters.
So far, the committee has verified the names of more than 2,200 people who were arrested, using direct reports from families and a network of contacts on the ground. The arrestees include 107 university students, 82 children as young as 13, as well as 19 lawyers and 106 doctors.
Nazarahari said authorities have been reviewing municipal street cameras, store surveillance cameras and drone footage to track people who participated in the protests to their homes or places of work, where they are arrested.
The protests began in late December, triggered by anger over spiraling prices, and quickly spread across the country. They peaked on Jan. 8 and 9, when hundreds of thousands of people in more than 190 cities and towns across the country took to the streets.
Security forces responded by unleashing unprecedented violence. The Human Rights Activists News Agency has so far counted more than 7,000 dead and says the true number is far higher. Iran’s government offered its only death toll on Jan. 21, saying 3,117 people were killed. The theocracy has undercounted or not reported fatalities from past unrest.
Gholamhossein Mohseni Ejehi, a hard-line cleric who heads Iran’s judiciary, became the face of the crackdown, labeling protesters “terrorists” and calling for fast-tracked punishments.
Since then, “detentions have been very widespread because it’s like a whole suffocation of society,” said one protester, reached by the AP in Gohardasht, a middle-class area outside the Iranian capital. He said two of his relatives and three of his brother’s friends were killed in the first days of the crackdown, as well as several neighbors. The protester spoke on condition of anonymity for fear of being targeted by authorities.
The Nakhii sisters, 37-year-old Nyusha and 25-year-old Mona, were first taken to Tehran’s notorious Evin prison, where they were allowed to contact their parents, their friend said. Later, she said, they were moved to Qarchak, a women’s prison on the outskirts of Tehran where rights groups reported conditions that included overcrowding and lack of hygiene even before the crackdown.
Other people whose arrests were documented by the detainees committee have disappeared into the prisons. The family of Abolfazl Jazbi has not heard from him since his Jan. 15 arrest at a factory in the southern city of Isfahan. Jazbi suffers from a severe blood disorder that requires medication, according to the committee.
Atila Sultanpour, 45, has not been heard from since he was taken from his home in Tehran on Jan. 29 by security agents who beat him severely, according to Dadban, a group of Iranian lawyers based abroad who are also documenting detentions.
Authorities have also moved to suspend bank accounts, block SIM cards and confiscate the property of protesters' relatives or people who publicly express support for them, said Musa Barzin, an attorney with Dadban, citing reports from families.
In past crackdowns on protests, authorities sometimes adhered to a veneer of due process and rule of law, but not this time, Barzin said. Authorities are increasingly denying detainees access to legal counsel and often holding them for days or weeks before allowing any phone calls to family. Lawyers representing arrested protesters also have faced court summons and detention, according to Dadban.
“The following of the law is in the worst situation it has ever been,” Barzin said.
Despite the crackdown, many civic groups continue to issue defiant statements.
The Writers’ Association of Iran, an independent group with a long tradition of dissent, issued a statement describing the protests as an uprising against “47 years of systemic corruption and discrimination.”
It also announced that two of its members had been detained, including a member of its secretariat.
A national council representing schoolteachers urged families to speak out about detained children and students. “Do not fear the threats of security forces. Refer to independent counsel. Make your children’s names public,” it said in a statement.
A spokesman for the council said Sunday that it has documented the deaths of at least 200 minors who were killed in the crackdown. That figure is up several dozen from the count just days before.
“Every day we tell ourselves this is the last list,” Mohammad Habibi wrote on X. “But the next morning, new names arrive again.”
Bar associations and medical groups have also spoken out, including Iran’s state-sanctioned doctors council, which called on authorities to stop harassing medical staff.
Anger over the bloodshed now adds to the bitterness over the economy, which has been hollowed out by decades of sanctions, corruption and mismanagement. The value of the currency has plunged, and inflation has climbed to record levels.
The Iranian government has announced gestures such as launching a new coupon program for essential goods. Labor and trade groups, including a national retirees syndicate, have issued statements condemning the economic and political crisis.
Meanwhile, U.S. President Donald Trump has moved an aircraft carrier and other military assets to the Persian Gulf and suggested the U.S. could attack Iran over the killing of peaceful demonstrators or if Tehran launches mass executions over the protests. A second American aircraft carrier is on its way to the Mideast.
Iran’s theocracy has faced down protests and U.S. threats in the past, and the crackdown showed the iron grip it holds over the country. This week, authorities organized pro-government rallies with hundreds of thousands of people to mark the anniversary of the 1979 Islamic Revolution.
Still, Barzin said, he sees the ferocity of the crackdown as a sign that Iran’s leadership “for the first time is afraid of being overthrown.”
Associated Press Writer Kareem Chehayeb in Beirut contributed to this report.
FILE - In this image from video obtained by the AP outside Iran, a masked demonstrator holds a picture of Iran's Crown Prince Reza Pahlavi during a protest in Tehran, Iran, on Jan. 9, 2026. (UGC via AP, File)
FILE - In this image from video circulating on social media, protesters dance and cheer around a bonfire as they take to the streets of Tehran, Iran, on Jan. 9, 2026. (UGC via AP, File)
FILE - In this image from video made by an individual not employed by The Associated Press and obtained by the AP outside Iran, people block an intersection during a protest in Tehran, Iran, on Jan. 8, 2026. (UGC via AP, File)
