Lithia & Driveway Forges Strategic Partnership Pinewood Technologies Following Pendragon Division's Acquisition

Lithia Motors, Inc.

Lithia Motors, Inc.

LAD

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 Lithia & Driveway (NYSE:LAD) announces today that it has completed the transaction with Pendragon PLC ("Pendragon", to be renamed Pinewood Technologies Group PLC "Pinewood Technologies") acquiring the UK motor and fleet management divisions of Pendragon, the UK's third largest automotive dealership group and forming a strategic partnership with Pinewood Technologies.

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