Heritage Automotive Group is engaged in talks to purchase some or all of the Baltimore-area dealerships operated as Larry's Chevrolet, Larry's Dodge, Larry's Mazda and Larry's GMC Truck Pontiac.
Officials for the two companies would not speak publicly about the negotiations, but a source familiar with the talks, who spoke on the condition of anonymity, said Heritage has made a formal offer and a tentative settlement is scheduled for Aug. 23.
The source said the deal could easily be delayed, changed or canceled before settlement.
"There is no agreement yet," the source said.
One of the area's largest auto dealerships, Heritage owns Heritage Oldsmobile, Heritage Chevrolet, Heritage Subaru, Heritage Volkswagen, Heritage Dodge and Heritage Jeep-Eagle.