Lithia & Driveway to Form Strategic Partnership with Pinewood Technologies and Acquire Pendragon PLC’s Fleet Management and UK Motor Divisions

MEDFORD, Ore., Sept. 18, 2023 /PRNewswire/ — Lithia & Driveway (NYSE: LAD, “Lithia”) announced today that it intends to enter a strategic partnership with Pinewood Technologies and acquire the UK motor and fleet management divisions of Pendragon plc (“Pendragon”), the UK’s third largest…