New York-listed Lithia plans to announce the acquisition of the British-based luxury car dealer on Thursday, Sky News learns.
An American car dealership giant has clinched a deal to buy Jardine Motors, one of Britain’s largest automotive retail groups, for more than £300m.
Lithia is committed to using the Jardine Motors business as a platform for growth, insiders told Sky News in January. Jardine Motors was acquired as a single East Anglia dealership by Jardine Matheson in the early 1990s.Jeremy Hunt is set to deliver his first budget - here are the things to look out forLithia declined to expand on a statement issued to Sky News in January, which said:"Lithia has a stated desire to expand into the UK market and has held discussions with Jardine Matheson with a view to investing in Jardine Motors Group UK.
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