Penske bids throw wrench into Lithia deal for Pendragon
Auto September 22, 2023, 0 Comment 17Lithia’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.
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