Lithia Motors News

By Amy Sienicki A December 3, 2009 A MEDFORD, Ore. - The city of Medford is moving forward with the Crater Lake Avenue realignment project that's designed to alleviate traffic problems in the area.

By Emily Wood A November 16, 2009 A SALEM, Ore. - Millions of Americans and businesses are fighting to stay afloat in the deflated economy.

Chairman and CEO, 10% Owner of Lithia Motors Inc. Sidney B Deboer buys 1,000 shares of LAD on 11/04/2009 at an average price of $8.5 a share.

Lithia Motors Inc. says it plans to start buying more auto dealerships after an 18-month stretch when it closed or sold 20 dealerships.

After 18 months of scaling back, Lithia Motors Inc. is looking to grow again. The Medford-based car seller expects to add four or five dealerships a year, said Sid DeBoer, Lithia's chairman and CEO.

Automotive retailer Lithia Motors Inc. posted a $5.7 million third-quarter profit, citing lower costs and a boost from the government's Cash for Clunkers program.

Lithia Motors Inc. apparently has turned the corner. The Medford auto retailer said Thursday it is ready to once more acquire auto dealerships after an 18-month stretch in which it closed or sold 20 dealerships, leaving it with 87 stores in 12 states.

Among the earnings stories for Friday, Oct. 30, from AP Financial News: Chevron said it pumped its way through a weak third quarter, producing more oil as prices recovered from a severe plunge earlier in the year.

Lithia Motors Inc. reported its third consecutive quarter of profits, signaling that its efforts to sell or close underperforming locations is paying off.

KDRV Staff A October 29, 2009 A MEDFORD, Ore. -- Medford-based Lithia Motors says its revenue is climbing, partly in thanks to the Cash for Clunkers program.

Lithia Motors Inc. apparently has turned the corner. The Medford auto retailer said Thursday it is ready to once more acquire auto dealerships after an 18-month stretch in which it closed or sold 20 dealerships, leaving it with 87 stores in 12 states.

KDRV Staff A October 29, 2009 A MEDFORD, Ore. -- Medford-based Lithia Motors says its revenue is climbing, partly in thanks to the Cash for Clunkers program.

Down-sized Lithia Motors continued to turn a profit in the third quarter. The Medford auto retailer reported third quarter income of nearly $7 million, or 32 cents per share, up from $2.5 million, or 12 cents per share, in the second quarter The company reported a $5.7 million profit for the period.

Inc. recorded $5.7 million in net income in the third quarter, becoming the fifth publicly traded U.S. dealership group to make money in the period.

In another sign that the economy is starting to improve, the CEOs of two public dealership groups say they intend to start buying stores again.

Jones West Ford in Reno will continue to do warranty service work on Lincoln and Mercury vehicles in the wake of the closing of the Lithia Lincoln-Mercury-Audi-Suzuki dealership.

Lithia Motors Inc., has sold its Lincoln-Mercury-Audi-Suzuki dealership on South Virginia Street, the Medford, Ore.-based company confirmed Tuesday.

The survey of... -- --ExpertSource: TOPIC: The New York Times has reported that a new generation of building materials with photovoltaic cells sealed within them has made it possible for homeowners to ha... MEDFORD, Ore.-- --Lithia Motors, Inc.

Lithia Motors Inc. on Thursday said its plans to raise $40 million by selling new shares of stock.

Lithia Motors, Inc. , a leading operator of automotive franchises and retailer of new and used vehicles and services, today announced that the public offering of 4,000,000 shares of its Class A common stock has priced at $10.00 per share for gross proceeds of $40.0 million.