Frey Automobile is closing more branches

Frey Automobile is closing more branches

After the continuation of Frey Automobile GmbH in a resized form with the two locations in Vienna Inzersdorf and Vienna Donaustadt did not receive approval from the importer Toyota Austria, Frey Automobile will cease its sales activities for the Toyota and Lexus brands at the end of 2020. This means that the remaining locations in Vienna Inzersdorf and Donaustadt will be closed as of December 31, 2020. A social plan was drawn up for the employees at the two locations.
Measures for the continuation of the British Luxury Cars (Aston Martin) and the Frey e-Motion (MG, Maxus) will be taken shortly. In the future, Frey Holding will focus on the management and development of its real estate portfolio.

Note: We are still waiting for GF Frey-Winkelbauer to answer our questions about what this means in concrete terms and whether and in what form the remaining brands will still be sold.