09-23-2023, 05:57 AM
Penske bids throw wrench into Lithia deal for Pendragon
<p>Lithia's potentially transformative deal for Pendragon would significantly grow the auto retailer's U.K. footprint, add a sizable fleet business and give the company a pathway to a dealership management system. But Lithia has competition for the deal after Penske and another firm submitted multiple joint offers for Pendragon.</p>
https://www.autonews.com/dealers/lithia-...val-penske
<p>Lithia's potentially transformative deal for Pendragon would significantly grow the auto retailer's U.K. footprint, add a sizable fleet business and give the company a pathway to a dealership management system. But Lithia has competition for the deal after Penske and another firm submitted multiple joint offers for Pendragon.</p>
https://www.autonews.com/dealers/lithia-...val-penske