Lithia Motors Acquires Porsche Beverly Hills and Santa Monica Audi

Reuters
11/12
Lithia Motors Acquires Porsche <a href="https://laohu8.com/S/BHBCQ">Beverly Hills</a> and Santa Monica Audi

Lithia & Driveway $(LAD)$, the world's largest publicly traded automotive retailer, is acquiring Porsche Beverly Hills and Santa Monica Audi. The transaction, exclusively advised by MD Johnson Inc. on behalf of dealership president and CEO Geoff Emery, is expected to add nearly $450 million in annual revenues for Lithia & Driveway. The two dealerships, located on Los Angeles' affluent West Side, are recognized as leading retailers of Porsche and Audi vehicles in the United States and serve areas including Beverly Hills, Santa Monica, Bel Air, and Malibu. Emery expressed confidence in Lithia's ability to care for both customers and employees during the transition, while Lithia's CEO Bryan DeBoer highlighted the longstanding relationship between the parties involved.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Lithia Motors Inc. published the original content used to generate this news brief via PR Newswire (Ref. ID: SF13068) on November 12, 2025, and is solely responsible for the information contained therein.

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