Lithia Motors Donates $100,000 to the American Red Cross for Hurricane Katrina Disaster Relief
September 02 2005 - 9:49PM
Business Wire
Lithia Motors, Inc. (NYSE:LAD). Sid DeBoer Chairman/CEO and Dick
Heimann President/COO of Lithia Motors announced today that the
company would be giving $100,000 to the American Red Cross for its
Hurricane Katrina Disaster Relief Efforts. While we have no
operations or employees that were directly affected by the
hurricane, we believe it is important to help others in times of
need. The donations will be made through Lithia's stores, in each
community where it does business, to the local American Red Cross
Chapter. The size of the donation in each community will be tied to
the number of employees at Lithia's stores in that community.
Earlier today, Mr. DeBoer made a donation to the Medford Rogue
Rotary Foundation of over $13,600 on behalf of Lithia Support
Services and the companies Southern Oregon stores. Medford's Rogue
Rotary Foundation will donate the funds to the local American Red
Cross Chapter. Sid DeBoer, Lithia's Chairman and CEO commented, "We
are pleased to be able to do what we can to help those that have
been affected by the devastation from Hurricane Katrina. Not only
is Lithia donating to the American Red Cross, but we are also
urging our employees to donate what they can as well." The
DaimlerChrysler Corporation has also made a major commitment to the
Hurricane Katrina relief efforts. As a part of that, the
DaimlerChrysler Corporation Fund has approved a disaster relief
grant of $500,000, which includes a provision to match gifts from
their employees as well as Chrysler Group dealers and their
employees. This match will expand Lithia's donations. "Lithia has
always been dedicated to donating in the local communities where we
do business, but there are times when we need to do even more. We
donated $100,000 to relief organizations supporting the efforts to
rebuild in the aftermath of 9/11 and earlier this year we
contributed $50,000 to help with the tsunami devastation in South
East Asia," concluded Sid DeBoer. About Lithia Lithia Motors, Inc.
is a Fortune 1000 and Russell 2000 Company that sells 25 brands of
new vehicles and operates 90 stores and 179 franchises in 12 states
in the Western United States and over the Internet through
"Lithia.com-America's Car & Truck Store." Lithia also sells
used vehicles; arranges finance, warranty, and credit insurance
contracts; and provides vehicle parts, maintenance, and repair
services at all of its locations. Lithia retailed 98,331 new and
used vehicles and had $2.7 billion in total revenue in 2004.
Additional Information For additional information on Lithia Motors,
contact the Investor Relations Department: 541-776-6591 or log-on
to: www.lithia.com - go to Investor Relations
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