|
MEDFORD, Ore.--(BUSINESS WIRE)--Jan. 5, 2009--Lithia Motors, Inc. (NYSE:LAD) today announced that its Board of Directors voted to suspend its quarterly dividend for the fourth quarter of 2008 due to the current economic environment. Last quarter's dividend was $0.05 per share.
About Lithia
Lithia Motors, Inc. is a Fortune 700 Company, selling 27 brands of new and all brands of used vehicles at 98 stores, which are located in 42 markets within 13 states. Internet sales are centralized at www.Lithia.com . Lithia also sells used vehicles; arranges finance, warranty, and credit insurance contracts; and provides vehicle parts, maintenance, and repair services at all of its locations. Lithia retailed 105,108 new and used vehicles and had $3.2 billion in total revenue in 2007.
Additional Information
For additional information on Lithia Motors, contact the Investor Relations Department: 541-618-5770 or log-on to: www.lithia.com - go to Investor Relations.
CONTACT: Lithia Motors
Investor Relations Department, 541-618-5770
www.lithia.com - go to Investor Relations
Source: Lithia Motors, Inc.
|
Safe Harbor Statement under the Private Securities Reform Act of 1995
With the exception of historical information, the matters discussed or incorporated by reference in this Annual Report include forward-looking statements. These statements are necessarily subject to risk and uncertainty. Actual results could differ materially from those projected in these forward-looking statements as a result of certain risks including those set forth from time to time in the Company's filings with the SEC. These risk factors include, but are not limited to, the cyclical nature of automobile sales and the intense competition in the automobile retail industry, the Company's ability to negotiate profitable acquisitions, and the ability to secure manufacturer approvals for such acquisitions.
|