Lithia & Driveway Expands in North Central Region with the Purchase of Carousel Motor Group, Financial Terms Undisclosed

-3.44%

Lithia Motors, Inc. Class A

LAD

344.38

-3.44%

Lithia & Driveway (NYSE:LAD) announced today they have purchased Carousel Motor Group, growing their footprint in one of the largest markets in the North Central Region, Minneapolis-St. Paul. The group, comprised mainly of premium luxury brands, is projected to generate more than $900 million in annualized revenue.

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