|By Marketwired .||
|June 12, 2014 03:32 PM EDT||
MEDFORD, OR -- (Marketwired) -- 06/12/14 -- Lithia Motors, Inc. (NYSE: LAD) has acquired Vic Alfonso Cadillac and Braley & Graham Buick GMC in Portland, Oregon. The stores will be renamed Buick GMC of Beaverton and Cadillac of Portland Lloyd Center, and will add $60 million in estimated annual revenues.
Bryan DeBoer, President and Chief Executive Officer, commented, "We are pleased to expand our operations in the Portland market with the addition of two General Motors stores, bringing the total number of stores we operate in the area to seven. These acquisitions make us the exclusive Cadillac dealer in Portland, increasing our existing luxury platform of BMW and Mercedes Benz stores in the metropolitan area."
Lithia Motors, Inc. is the eighth largest automotive retailer in the United States. Lithia sells 28 brands of new vehicles and all brands of used vehicles at 101 stores in 12 states. Lithia also arranges finance, warranty, and credit insurance contracts; and provides vehicle parts, maintenance, and repair services at all of its locations.
Lithia Motors on Facebook
Lithia Motors on Twitter
VP Finance and Controller
In today's uber-connected, consumer-centric, cloud-enabled, insights-driven, multi-device, global world, the focus of solutions has shifted from the product that is sold to the person who is buying the product or service. Enterprises have rebranded their business around the consumers of their products. The buyer is the person and the focus is not on the offering. The person is connected through multiple devices, wearables, at home, on the road, and in multiple locations, sometimes simultaneously...
Jul. 26, 2016 12:45 AM EDT Reads: 620
Jul. 26, 2016 12:00 AM EDT Reads: 2,135
Jul. 26, 2016 12:00 AM EDT Reads: 1,537
Jul. 25, 2016 11:15 PM EDT Reads: 1,307
Jul. 25, 2016 11:15 PM EDT Reads: 2,011
Jul. 25, 2016 11:00 PM EDT Reads: 1,023
Jul. 25, 2016 11:00 PM EDT Reads: 1,513
Jul. 25, 2016 10:45 PM EDT Reads: 1,299
Jul. 25, 2016 10:15 PM EDT Reads: 1,677
Jul. 25, 2016 10:15 PM EDT Reads: 1,920
Jul. 25, 2016 10:00 PM EDT Reads: 1,942
Jul. 25, 2016 10:00 PM EDT Reads: 2,501
Jul. 25, 2016 08:30 PM EDT Reads: 1,934
Jul. 25, 2016 08:15 PM EDT Reads: 241
Jul. 25, 2016 08:00 PM EDT Reads: 1,917