Tag: dealerships

Lithia on Sept. 18 said it planned to buy Pendragon’s dealership and fleet businesses in a $350 million deal. As part of that deal, Pinewood, Pendragon’s dealership management system, would…

Lithia will hold a 16.7 percent stake in Pinewood Technologies once the transaction closes, which is expected in the fourth quarter or first quarter of 2024, DeBoer said. Lithia then…