With help from the GOP tax cuts AutoNation doubled its 401(k) match and launched a cancer benefit program that includes medical coverage for employees and their families.
As noted by a company statement:
AutoNation will use the savings from tax reform to invest in its future and its employees, through enhancing its benefits programs, including launching an innovative cancer program to assist employees and family members who were recently diagnosed with cancer, and investing in progressive training programs that will allow its associates to better serve its customers and drive their career advancement. The Company also plans to accelerate its brand extension strategy as well as further expand its Drive Pink initiatives.
AutoNation’s Chairman, CEO and President, Mike Jackson, said, “We are excited about the pro-growth environment for business in the U.S., which includes the recently signed tax reform bill. As a U.S.-based company, our employees, customers and shareholders will benefit greatly from a reduction in our corporate tax rates.“
AutoNation is America’s largest automotive retailer owning and operating 360 new vehicle franchises from coast to coast.