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News Breaks | | | | October 26, 2012 | | 07:42 EDT |  | LAD, TM | Lithia Motors announces acquisition of Toyota store, sale of CJD store
Lithia Motors (LAD) announced that we acquired Bitterroot Toyota in Missoula, Montana. The store will be named Lithia Toyota of Missoula, and adds $45M in estimated annual revenues. The new location complements our existing Chrysler Jeep Dodge store in Missoula, which was acquired in 2003. We now operate two of the four leading franchises in the community. The company also completed the divestitures of Lithia Chrysler Jeep Dodge of Renton and Lithia Hyundai of Renton, near Seattle, Washington. These locations were previously classified as held for sale and their results have been reclassified to discontinued operations, so there is no impact on our guidance as a result of their sale. | |
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News For LAD;TM From The Last 14 Days Check below for free stories on LAD;TM the last two weeks. |
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| May 14, 2013 | | 15:50 EDT |  | TM | Toyota class-action settlement could cover 22M former owners, Detroit News says
 Subscribe for More Information | | | May 10, 2013 | | 07:09 EDT | | TM | Toyota helped by weaker yen, Bloomberg reports
Toyota’s years of fighting the yen is over, at least for now. The weakening yen breached 100 against the dollar in U.S. trading yesterday, opening the way for Japan to emerge from an unprecedented and largely uninterrupted five-year stretch where the currency’s appreciation beyond that level roiled exporters and their ability to sell cars and other products abroad, reports Bloomberg.Reference Link | | | 06:10 EDT | | TM | On the Fly: Periodicals Wrap-Up
Subscribe for More Information | | | May 9, 2013 | | 05:59 EDT | | TM | GM: Most Silverado truck sales this year will be older model, Bloombeg reports
Subscribe for More Information | | | May 8, 2013 | | 06:00 EDT |  | TM | Toyota sees FY14 net revenue 1.37T yen, net income 1.37T yen
Subscribe for More Information | | | 05:59 EDT | | TM | Toyota remains cautious as profit grows, Reuters reports
Subscribe for More Information | | | 05:58 EDT | | TM | Toyota reports FY13 net income 962.16B yen vs. 283.6B yen a year ago
Reports FY13 revenue 22.1T yen vs. 18.58T yen a year ago. Toyota said major factors contributing to the increase in operating income include the positive effects from marketing activities generating 650B yen, cost reduction efforts saving 450B yen and currency fluctuations of 150B yen, which offset the negative effects from related expenses of 300B yen. Consolidated vehicle sales totaled 8.871M units, an increase of 1.519M units compared to the previous fiscal year. | |
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