Lithia buys Portland auto dealerships

Published 5:00 am Tuesday, April 19, 2011

Lithia Motors, the Medford-based company that owns Bend Honda and Chevrolet Cadillac of Bend, bought two Mercedes-Benz dealerships in Portland and Wilsonville on Monday, along with BMW and Mini Cooper franchises in Portland.

Lithia purchased the dealerships from Don Rasmussen Co., according to a news release. The stores add $176 million in estimated annual revenues.

The ninth-largest auto dealership in the nation, Lithia has 85 stores in 12 states, according to the news release.

— From staff reports

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