Melissa Burden

Mike Manley's three-year contract makes him subject to certain payments if he is fired by AutoNation without cause or if he resigns for good reason.

Mike Jackson, 72, who has been CEO of AutoNation for most of the past 22 years, will also retire from the retailer's board of directors.

AutoNation CEO Mike Jackson will retire effective Nov. 1 from his post and from the company board.

The acquisition would significantly boost the Houston company's presence in New England and the Mid-Atlantic.

Here's this week's roundup of auto dealership buys and sells from around the U.S.

LMP Automotive Holdings said two pending acquisitions, if completed, will add more than $900 million in annual revenue.

The transaction will significantly boost Group 1's store count and scale in the Northeast. The agreement, once closed, would be the second megadeal of the year among U.S. auto dealer groups.

A jury trial will begin in November in the automaker's lawsuit against a Florida store owned by group and other defendants accused of warranty fraud.

Jenkins Auto Group of Ocala, Fla., has purchased three Florida dealerships in two recent transactions with Steve Lamb and Jewel Lamb of Crystal Automotive and Motorcycle Group.

The group is expanding its presence in Virginia by adding Audi, Mercedes-Benz and Hyundai-Genesis dealerships and a Mercedes-Benz Sprinter commercial van outlet from Tysinger Motor Co.

Two of the transactions included dealers who bought their first franchised dealerships.

The retailer, which faces termination notices from two automakers, is up for sale and is likely to be sold by the end of the year.

The Fred Beans Automotive Group has its own part-time wellness coordinator who helps lead healthy-living and wellness initiatives for 1,720 employees.

Morgan Auto Group and Island Auto Group each bought stores this month as part of single-store transactions, while Dunhill Auto Group in July bought its second franchised dealership and a new dealer bought his first store in July in Indiana.

LMP Automotive Holdings plans to buy a Chrysler-Dodge-Jeep-Ram dealership in Greeneville, Tenn. The acquisition is slated to close in the fourth quarter.