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In-depth: How autoworkers strike could affect the car industry

Those car shopping now, especially from one of the big three American automotive companies, will want to watch how the autoworkers' strike affects prices. ....

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Hyundai Hope On Wheels Announces New Board Of Directors Leadership

Hyundai Hope On Wheels Announces New Board Of Directors Leadership
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Lithia Motors & Driveway (LAD) Reports Highest First Quarter Earnings In Company History; Increases Revenue 55% And EPS 195%

Lithia Motors & Driveway (LAD) Reports Highest First Quarter Earnings In Company History; Increases Revenue 55% And EPS 195%
INCREASES DIVIDEND TO $0.35 PER SHARE FOR FIRST QUARTER
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MEDFORD, Ore., April 21, 2021 /PRNewswire/ Lithia Motors & Driveway (NYSE: LAD) today reported the highest first quarter revenue and earnings per share in company history.
First quarter 2021 revenue increased 55% to $4.3 billion from $2.8 billion in the first quarter of 2020.
First quarter 2021 net income per diluted share was $5.81, a 195% increase from $1.97 per diluted share reported in the first quarter of 2020. Adjusted first quarter 2021 net income per diluted share was $5.89, an 193% increase compared to adjusted net income of $2.01 per diluted share in the same period of 2020. ....

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Lithia Motors Inc (LAD) Q1 2021 Earnings Call Transcript

Good morning and welcome to the Lithia & Driveway First Quarter 2021 Conference Call. [Operator Instructions]
I would like to turn the call over to Eric Pitt, Vice President of Investor Relations and Treasurer. Please begin.
Eric Pitt
Vice President, Investor Relations and Treasurer
Thank you and welcome to the Lithia & Driveway first quarter 2021 earnings call. Presenting today are Bryan DeBoer, President and CEO; Chris Holzshu, Executive Vice President and COO; and Tina Miller, Senior Vice President and CFO. Today s discussions may include statements about future events, financial projections, and expectations about the company s products, markets and growth. Such statements are forward-looking and subject to risks and uncertainties that could cause actual results to differ materially from the statements made. We disclose those risks and uncertainties we deem to be material in our filings with the Securities and Exchange Commission. We urge you to carefully co ....

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The Presidio Group Advises on the Sale of Fink Automotive Group

Press release content from Business Wire. The AP news staff was not involved in its creation.
The Presidio Group Advises on the Sale of Fink Automotive Group
March 2, 2021 GMT
TAMPA, Fla. (BUSINESS WIRE) Mar 2, 2021
The Presidio Group LLC (“Presidio”), a leading investment bank specializing in retail automotive and related M&A transactions, exclusively advised Scott Fink, President of Fink Automotive Group, on the sale of seven new vehicle dealership franchises in the greater Tampa market to Lithia Motors, Inc. (“Lithia”) [NYSE: LAD].
“The buy sell market is especially strong right now and we knew that joining efforts with a larger group was the best way to ensure that our dealerships will continue to be market leaders in today’s fast-changing auto retail environment,” said Scott Fink, President of Fink Automotive Group. “Lithia has the resources to elevate our dealerships to the next level of sophistication.” ....

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