HWP in discussions with Auto Solutions Ltd

HWP announces it is in discussions with a new local company to represent its current automotive lines and to provide sales, after sales and parts support for HWP’s existing customers.

The new company, Auto Solutions Limited, will be led by Glen Smith. Mr Smith has a long track record of building and operating service companies. Auto Solutions will be acquiring the assets of HWP’s Auto Division and are looking to hire new employees.

HWP is pleased to state that existing HWP clients will have on-going sales and after service support for warranty, parts and service with the new dealer group.  The new company will be managed by a service orientated team of individuals who have a proven track record of creating and operating successful companies in Bermuda.

Jonathan Brewin, President and CEO of the HWP Group commented, “Following a very difficult period when we have been challenged with the combined effects of a global recession along with the impact of the fire that occurred in 2011 it is exciting that this opportunity to reinvigorate the automotive business in Bermuda is taking place. Our objective is two-fold: to ensure that many of our valued employees are hired by the new company and that our clients enjoy a seamless service transition to Auto Solutions”.

The target transition date is May 1st, and the actual date will be communicated to the public over the next couple of months. HWP anticipates no interruption to auto sales, service and parts support for existing and future clients.  The continuous supply of new vehicles to Bermuda is part of the deal.  Auto Solutions has placed vehicle orders in anticipation of opening with current car inventory.

The new company’s management team intend to bring innovations to the automotive business in Bermuda and good job opportunities which will promote Bermuda’s economy.  The majority of HWP employees will be offered positions with the new company.

“This is an exciting opportunity for me to grow a business, which in the long term will result in creating jobs for Bermudians and setting a high standard of service to our client base”, Mr Smith commented.

Don Mackenzie, Chairman of HWP Group, “We have given this careful consideration and have not made this decision lightly. Seventeen months ago, the fire severely damaged our automotive business. Since then, the HWP team has worked tirelessly to resurrect the company in order to protect HWP’s staff and our clients. This path we have come to is our best option. Glen Smith and his investor group have the track record to protect our customers and will provide new opportunities for our loyal team”.

The new company will be operating out of the existing HWP premises.   Once discussions are finalized, the public will be informed of more detailed plans for Auto Solutions. HWP will be working with the new company to ensure a smooth transition for HWP clients and suppliers. Discussions with HWP’s automotive suppliers are at an advanced stage.

The non-automotive operations of HWP Group, including the Rubis service stations on East Broadway and St. John’s Road will continue to operate.

HWP represents Hyundai, Mitsubishi, Honda, Suzuki, Daihatsu, Subaru, Nissan, Volkswagen, Mazda and Skoda.