Lithia Motors, Inc. (LAD) accelerates growth with Canadian acquisition
Lithia Motors (LAD) has expanded its North American presence by acquiring Pfaff Automotive Partners, a Canadian dealership group. This acquisition is part of Lithia's "Driveway" strategy to grow into new automotive markets. The deal is expected to contribute $700 million in annual revenues and bring Lithia's total expected annual revenue to over $28 billion.
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