Lithia Motors Announces Acquisition of Toyota Store
August 09 2010 - 8:17PM
Marketwired
Lithia Motors, Inc. (NYSE: LAD) announced that today it acquired
Prestige Toyota in Billings, Montana. The store adds $33 million in
estimated annual revenues.
Sid DeBoer, Chairman and CEO, commented, "Prestige Toyota will
be complementary to our existing presence in Billings, while
helping to diversify our brand mix. We are excited to add this
strong team of people to our Lithia family. It allows us to connect
with more customers in a regional hub and expand our footprint in
Montana."
Customers can continue to purchase new Toyotas and used vehicles
or have service work performed at 1532 Grand Avenue in Billings,
Montana.
About Lithia Lithia Motors, Inc. is the
ninth largest automotive retailer in the United States and a
Fortune 800 company. Lithia sells 26 brands of new and all brands
of used vehicles at 85 stores, which are located in 12 states.
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.
For additional information on Lithia Motors, contact the
Investor Relations Department at (541) 776-6591 or visit
www.lithia.com and click on "Investor Relations."
Sites www.lithia.com www.lithiacares.com
www.lithiajobs.com
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Contact: Investor Relations Department (541) 776-6591
www.lithia.com
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