Lithia

Lithia Schedules Release of Fourth Quarter and Full Year 2019 Results

Retrieved on: 
Thursday, January 16, 2020
General Automotive, Retail, Specialty, Automotive, Lithia Motors, Lithia, Fiction, Culture, American culture

Lithia Motors Inc. (NYSE: LAD) announced its fourth quarter and full year 2019 earnings will be released before the market opens on Wednesday, February 12, 2020.

Key Points: 
  • Lithia Motors Inc. (NYSE: LAD) announced its fourth quarter and full year 2019 earnings will be released before the market opens on Wednesday, February 12, 2020.
  • A conference call to discuss the earnings results is scheduled for the same day at 10 a.m. EST.
  • Lithia Motors Inc. is one of the largest providers of personal transportation solutions in the United States and is among the fastest-growing companies in the Fortune 500 (#265 in 2019).
  • By purchasing and building strong businesses that have yet to realize their potential, Lithia generates significant cash flows while maintaining low leverage.

Lithia Announces Pricing of Senior Notes Offering

Retrieved on: 
Monday, December 2, 2019
Fleet management, Retail, General Automotive, Automotive, Specialty, U.S. Securities and Exchange Commission, Financial markets, 73rd United States Congress, Lithia Motors, Lithia, Security, Securities Act

Lithia Motors, Inc. (NYSE: LAD) today announced the pricing of its previously announced offer of $400 million in aggregate principal amount of its 4.625% senior notes due 2027 (the "Notes") in a private offering (the "Private Offering") that is exempt from the registration requirements of the Securities Act of 1933, as amended (the "Securities Act").

Key Points: 
  • Lithia Motors, Inc. (NYSE: LAD) today announced the pricing of its previously announced offer of $400 million in aggregate principal amount of its 4.625% senior notes due 2027 (the "Notes") in a private offering (the "Private Offering") that is exempt from the registration requirements of the Securities Act of 1933, as amended (the "Securities Act").
  • The Private Offering is expected to close on December 9, 2019, subject to customary closing conditions.
  • By purchasing and building strong businesses that have yet to realize their potential, Lithia generates significant cash flows while maintaining low leverage.
  • With a unique growth model, Lithia invests to expand and modernize its nationwide network to create personal transportation solutions wherever, whenever and however consumers desire.

Lithia Announces Proposed Senior Notes Offering

Retrieved on: 
Monday, December 2, 2019
Fleet management, Retail, General Automotive, Automotive, Specialty, U.S. Securities and Exchange Commission, Financial markets, 73rd United States Congress, Lithia, Securities Act, Security, Fiction

Lithia Motors, Inc. (NYSE: LAD) today announced that we intend to offer, subject to market and other conditions, $400 million in aggregate principal amount of senior notes due 2027 (the "Notes") in a private offering (the "Private Offering") that is exempt from the registration requirements of the Securities Act of 1933, as amended (the "Securities Act").

Key Points: 
  • Lithia Motors, Inc. (NYSE: LAD) today announced that we intend to offer, subject to market and other conditions, $400 million in aggregate principal amount of senior notes due 2027 (the "Notes") in a private offering (the "Private Offering") that is exempt from the registration requirements of the Securities Act of 1933, as amended (the "Securities Act").
  • Pending final application, the net proceeds of the offering may be applied to reduce indebtedness, including under Lithias new and used vehicle floor plan facilities.
  • By purchasing and building strong businesses that have yet to realize their potential, Lithia generates significant cash flows while maintaining low leverage.
  • With a unique growth model, Lithia invests to expand and modernize its nationwide network to create personal transportation solutions wherever, whenever and however consumers desire.

Lithia Motors Promotes Chris Holzshu to Chief Operating Officer

Retrieved on: 
Monday, November 18, 2019
Fleet management, Retail, General Automotive, Automotive, Specialty, Business, Articles, Lithia Motors, Lithia, Economy, COO, Chief operating officer

Lithia Motors Inc. (NYSE: LAD) announced today that Chris Holzshu, Executive Vice President, has been promoted to Chief Operating Officer (COO).

Key Points: 
  • Lithia Motors Inc. (NYSE: LAD) announced today that Chris Holzshu, Executive Vice President, has been promoted to Chief Operating Officer (COO).
  • View the full release here: https://www.businesswire.com/news/home/20191118005280/en/
    Chris Holzshu, Lithia Motors Inc. Chief Operating Officer (COO) (Photo: Business Wire)
    This promotion is part of the organizations redesign to further accelerate Lithias growth while also realizing the substantial earnings potential in its existing store base.
  • Throughout his 17 years with Lithia, Chris has demonstrated a broad understanding of store operations, integrating acquisitions and growing platforms in step with our strategic aspirations, said Bryan DeBoer, Lithia Motors Inc. President and CEO.
  • This followed six years as Chief Financial Officer (2010-2016) and time spent as Chief Human Resources Officer.

Lithia Motors Welcomes Florida Stores, Expands Reach to 92% of U.S.

Retrieved on: 
Monday, November 4, 2019
Fleet management, Retail, General Automotive, Automotive, Specialty, Lithia, Companies

Lithia Motors Inc. (NYSE: LAD) announced today the acquisition of Williams Automotive Groups Honda and Toyota stores located in the desirable Greater Tampa, Florida market.

Key Points: 
  • Lithia Motors Inc. (NYSE: LAD) announced today the acquisition of Williams Automotive Groups Honda and Toyota stores located in the desirable Greater Tampa, Florida market.
  • The partnership between the two companies establishes a base of people and stores for Lithia to grow from in the Southeastern United States.
  • We are excited to expand our presence in Florida and position Lithia for further growth in this key geographic region, said Bryan DeBoer, Lithia Motors Inc. President and CEO.
  • This latest acquisition expands Lithias reach from 82% to 92% of the U.S. and gives Lithia the broadest coast-to-coast network of any auto retailer.

Lithia Motors Activates Sell-From-Home Technology

Retrieved on: 
Tuesday, October 15, 2019
Automotive, General Automotive, Technology, Other Automotive, Software, Internet, Lithia, Mineral water, Culture, American culture, Fiction, Lithia Motors Inc., Baierl Automotive

Lithia Motors Inc. (NYSE: LAD) has activated a convenient sell-from-home customer experience powered by a proprietary technology.

Key Points: 
  • Lithia Motors Inc. (NYSE: LAD) has activated a convenient sell-from-home customer experience powered by a proprietary technology.
  • View the full release here: https://www.businesswire.com/news/home/20191015005408/en/
    Baierl concierge team with first from-home sellers Emanuel Levenderis (second from left) and Rana Mahfood-Levenderis (second from right) (Photo: Business Wire)
    Were meeting customers on their terms, said George Hines, Lithia Motors Senior Vice President, Chief Innovation and Technology Officer.
  • The technology is part of a multi-faceted expansion of digital conveniences, building upon buy-from-home technology launched earlier in 2019.
  • Lithia Motors, Inc. is one of the largest providers of personal transportation solutions in the United States and is among the fastest-growing companies in the Fortune 500 (#265 in 2019).

Lithia Schedules Release of Third Quarter 2019 Results

Retrieved on: 
Wednesday, October 9, 2019
Automotive, Retail, Other Automotive, General Automotive, Specialty, Lithia Motors, Lithia, Mineral water, Culture, Fiction, American culture

Lithia Motors, Inc. (NYSE: LAD) announced its third quarter 2019 earnings will be released before the market opens on Wednesday, October 23, 2019.

Key Points: 
  • Lithia Motors, Inc. (NYSE: LAD) announced its third quarter 2019 earnings will be released before the market opens on Wednesday, October 23, 2019.
  • A conference call to discuss the earnings results is scheduled for the same day at 10:00 a.m. Eastern Time.
  • Lithia Motors, Inc. is one of the largest providers of personal transportation solutions in the United States and is among the fastest-growing companies in the Fortune 500 (#265-2019).
  • By purchasing and building strong businesses that have yet to realize their potential, Lithia generates significant cash flows while maintaining low leverage.

Lithia Motors Welcomes New Stores in Morgantown, West Virginia

Retrieved on: 
Tuesday, October 8, 2019
Retail, Automotive, General Automotive, Specialty, Automotive industry, Companies, Auburn Hills, Michigan, American brands, Economy of the United States, Lithia Motors, Lithia, Fiat, Dodge, Chrysler, Fiat Automobiles

Lithia Motors, Inc. (NYSE: LAD) announced today the addition of Chrysler Dodge Jeep Ram Fiat and Subaru stores in Morgantown, West Virginia.

Key Points: 
  • Lithia Motors, Inc. (NYSE: LAD) announced today the addition of Chrysler Dodge Jeep Ram Fiat and Subaru stores in Morgantown, West Virginia.
  • These stores join Ford Lincoln of Morgantown, acquired in June 2019, as part of the Lithia nationwide network reaching 82% of the U.S.
  • Were excited to broaden our offerings in the Morgantown market, said Bryan DeBoer, Lithia Motors, Inc. President and CEO.
  • The stores exemplify Lithias exclusive market strategy and its technique of acquiring strong stores that are underperforming relative to their potential.

Lithia Motors Welcomes Hazleton Honda in Hazleton, Pennsylvania to the Lithia Network

Retrieved on: 
Tuesday, August 27, 2019
Automotive, General Automotive, Lithia Motors, Companies, Automotive industry, Lithia, Hazleton, Pennsylvania, Hazleton, Economy of Japan, Honda

Lithia Motors, Inc. (NYSE: LAD) announced today the addition of Hazleton Honda in Hazleton, Pennsylvania.

Key Points: 
  • Lithia Motors, Inc. (NYSE: LAD) announced today the addition of Hazleton Honda in Hazleton, Pennsylvania.
  • The team joins Lithia's nationwide family and extends the store network into Eastern Pennsylvania.
  • Lithia anticipates that Hazleton Honda will generate approximately $50 million in annual revenue.
  • Were excited to welcome the existing team and their expertise to expand our customer offerings and market share, said Bryan DeBoer, Lithia Motors, Inc. President and CEO.

Lithia Motors Promotes Tina Miller to Chief Financial Officer

Retrieved on: 
Tuesday, July 16, 2019
Automotive, General Automotive, Lithia Motors, Chief financial officer, Lithia, Accounting, Companies, Corporate governance, Corporate law, Auditing, Corporations, Business, Internal audit

Lithia Motors, Inc. (NYSE: LAD) one of the nation's largest providers of personal transportation solutions, announced today that Tina Miller has been promoted to Senior Vice-President, Chief Financial Officer.

Key Points: 
  • Lithia Motors, Inc. (NYSE: LAD) one of the nation's largest providers of personal transportation solutions, announced today that Tina Miller has been promoted to Senior Vice-President, Chief Financial Officer.
  • Ms. Miller has held a variety of accounting, financial and audit leadership roles of increasing responsibility at Lithia for nearly 15 years.
  • Most recently she served as Chief Accounting Officer and interim Principal Financial Officer.
  • In this role, Ms. Miller will oversee the accounting, tax, corporate finance, financial planning & analysis, risk management and treasury functions.