Log in
Investor News
Lithia Motors Announces Fourth Quarter and Full Year 2008 Results Print E-mail
4th Quarter 2008

MEDFORD, OREGON, March 16, 2009 (5:00 a.m. PT) – Lithia Motors, Inc. (NYSE: LAD) today announced that net loss from continuing operations in the fourth quarter of 2008 was $419,000 or two cents per diluted share, compared to the prior year net loss from continuing operations of $409,000 or two cents per share, due to restatement of last year’s results following discontinued operations designations.  The Company realized a benefit of $3.6 million, or eight cents per share after tax, from early retirement of convertible notes.  After adjusting for this item as shown in the attached financial tables, net loss from continuing operations for the 2008 fourth quarter was $2.0 million, or ten cents per share.


Read more...
 
Lithia Motors Sells Three Colorado Stores Print E-mail
3 Colorado Stores Sold

TWO CHRYSLER STORES DIVESTED

MEDFORD, OREGON, February 17th, 2009 (5:00 AM Pacific) – Lithia Motors, Inc. (NYSE: LAD) has completed the sale of its Lithia Centennial Chrysler Jeep; Lithia Chrysler Jeep Dodge Fort Collins; and the small Lithia Hyundai of Fort Collins to local Colorado dealer Doug Moreland.

The sale of the three stores represents the first group of stores to sell in 2009 for Lithia Motors.  Since announcing a restructuring plan in June of 2008, Lithia has now divested seventeen stores.  In total, Lithia has selected twenty-nine stores for divestiture, with twelve remaining to be divested.  The Company expects to achieve better diversification of brands, an improved cash position, and stronger performance through disposition of the selected stores.

Read more...
 
Lithia Motors Makes Progress On Store Divestitures; Raising Capital Print E-mail

Despite Economic Climate, Company Generates Positive Results

MEDFORD, OREGON, October 3rd, 2008 (5:00am Pacific) – Lithia Motors, Inc. (NYSE: LAD) advanced another step forward in their restructuring plans announced on June 2nd with the sale of three more store locations.  Lithia Dodge of Sioux Falls and Lithia Chevrolet of Sioux Falls were both sold to Billion Automotive on Monday, September 29th, and Lithia Chrysler Jeep Dodge of La Crosse in Wisconsin was sold September 30th to Pischke Motors of La Crosse.

Read more...
 
William L. Glick, Former Ford Executive, Joins Lithia Motors Board of Directors Print E-mail

William L. Glick Joins Lithia MotorsMEDFORD, Ore.--(BUSINESS WIRE)--Aug. 25, 2008--Lithia Motors, Inc. (NYSE:LAD) today announced the appointment of  to its Board of Directors. Mr. Glick comes to the Company with thirty-four years of service to Ford Motor Company. During his tenure at Ford, Mr. Glick held a wide variety of management positions in Sales & Marketing, including: Field Organization Transition Manager, Public Company Franchising Manager, Truck and Dealer Advertising Managers, Field Operations Manager, and Regional Sales Manager. Mr. Glick directed the largest reorganization of Ford's Sales and Service organization, where he helped consolidate the Ford and Lincoln-Mercury Divisions. As Public Company Franchising Manager, he managed the relationship with Public Companies owning Ford and Lincoln-Mercury dealerships. While Truck Advertising Manager, Mr. Glick developed numerous impactful campaigns, and was recognized with a prestigious Gold "EFFIE" award from the American Marketing Association.

Read more...
 
Lithia Motors, Inc. Declares Quarterly Dividend of $0.05 Per Share for the Third Quarter of 2008 Print E-mail
2008 Third QuarterMEDFORD, Ore.--(BUSINESS WIRE)--Aug. 18, 2008--Lithia Motors, Inc. (NYSE:LAD) today announced that the Board of Directors has approved a dividend of $0.05 per share for the third quarter of 2008. Lithia will pay the dividend October 29th to shareholders of record on October 15th, 2008. Last quarter's dividend was $0.14 per share and it has been reduced to reflect the current economic environment.
 
<< Start < Prev 1 2 3 4 Next > End >>

Page 1 of 4
Copyright 2008 Lithia Motors, inc.
Lithia Motors Inc.