|
Lithia Motors Sells Wenatchee, Washington Chrysler/Dodge Store
Sale Represents Continuation of Company's Restructuring Plan
MEDFORD, Ore.--(BUSINESS WIRE)--Oct. 28, 2008--Lithia Motors, Inc. (NYSE:LAD) has completed the sale of its Wenatchee Chrysler Dodge franchise to Tom Barros of Town Auto Group, a local auto dealer in Wenatchee.
"The sale of our Wenatchee store shows continued progress on our restructuring plan. We continue to execute the changes we have outlined to allow us to be a more efficient and diversified company," said Sid DeBoer, Lithia's Chairman and CEO.
|
|
Hello. As your CEO I felt it imperative for me to communicate with you and explain our position on the government’s potential bailout of America’s automotive manufacturers. While our profitability and success is dependent upon the success of all of the manufacturers we represent, we believe that this situation is critical because of its impact on America. We always support our manufacturers and will do what we can to help them stay viable, we believe that the best course of action for them, and for our country is for the U.S. government to provide bridge loans to the domestic manufacturers who are feeling the impacts of our nation’s credit crisis. Please familiarize yourself with the facts below, and feel free to pass them on to your friends, family, neighbors, and on-line social networks.
|
|
Read more...
|
|
|
|
|
|
Subscribe to our RSS Feed