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lithia.com

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Investments

2

Portfolio Exits

1

Partners & Customers

7

About Lithia Motors

Lithia Motors (NYSE: LAD) is one of the largest automotive retailers in the United States. Lithia sells 31 brands of new vehicles and all brands of used vehicles at 153 stores in 17 states. Lithia also arranges finance, warranty, and credit insurance contracts and provides vehicle parts, maintenance, and repair services at all of its locations.

Lithia Motors Headquarter Location

150 North Bartlett Street

Medford, Oregon, 97501,

United States

541-776-6401

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Expert Collections containing Lithia Motors

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Find Lithia Motors in 1 Expert Collection, including Fortune 500 Investor list.

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Fortune 500 Investor list

590 items

This is a collection of investors named in the 2019 Fortune 500 list of companies. All CB Insights profiles for active investment arms of a Fortune 500 company are included.

Latest Lithia Motors News

Lithia Subaru in Oregon faces lawsuit alleging racial discrimination, hostile work environment

May 9, 2022

A dealership finance manager filed the suit Wednesday. May 09, 2022 11:15 AM A Lithia Motors Inc. dealership finance manager filed a lawsuit last week in U.S. District Court in Portland, Ore., alleging he was subjected to racial discrimination and a hostile work environment. Tobias Ray, finance manager at Lithia Subaru of Oregon City, named both the former general manager and the Oregon dealership in the suit filed Wednesday. The suit alleges their treatment of Ray, who is Black, violated the Oregon Equality Act and the Civil Rights acts of 1866 and 1964. Ray began working at the dealership in October 2018. The suit alleges then-General Manager Tony Jimenez sent a sexually and racially explicit text message to select employees in June 2020. The message showed a Black woman's breasts lying on a white man's neck and face with the caption "This white man can't breathe. But you won't see that on the news," according to the suit. The message came just weeks after the video recorded killing of George Floyd , who died in Minneapolis after a police officer knelt on his neck for over eight minutes. In another incident, in June 2020, Ray walked into the public break room to see a stick figure drawing on a whiteboard with an Afro hairstyle and the caption, "I love watermelon," according to the lawsuit. That August, the lawsuit claimed, Jiminez asked Ray to handle the financials for a client named "Rodney King" and told him to ask the customer, "Can't we all just get along?" He also asked whether the customer appeared "slow," as if they had been "hit in the head with a club one too many times," in reference to the beating of Rodney King by Los Angeles police officers in 1991. The lawsuit also alleges Jimenez sent a series of racially insensitive text messages to other managers that referenced "several different African American celebrities/characters in connection to Ray as an African American employee." The references included the late musician Tupac Shakur and the predominantly Black cast of the 1991 crime thriller New Jack City, the suit said. Copy of lawsuit Ray filed an official complaint to Lithia in October 2020, detailing a "racially hostile work environment and the adverse impacts of the same," according to the suit. The suit said Lithia conducted an internal investigation that found Ray's complaint to have merit, and it implemented diversity awareness. However, the suit contends that "the company failed to initiate significant disciplinary action against the offending employees, nor did the company deter further acts of racial discrimination, harassment, and retaliation." Ray's attorney, Brian Dolman, told Automotive News that Ray is still employed at Lithia Subaru of Oregon City and has no plans to leave. Lithia attorney Todd Hanchett declined to comment, citing the pending litigation, but did confirm that Jimenez is no longer with the company. Ray is seeking an unspecified amount for emotional distress, lost advancement opportunities and lost earnings.

Lithia Motors Investments

2 Investments

Lithia Motors has made 2 investments. Their latest investment was in Shift Technologies as part of their Debt on September 9, 2018.

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Lithia Motors Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

9/13/2018

Debt

Shift Technologies

$70M

No

4

9/13/2018

Series D

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$99M

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10

Date

9/13/2018

9/13/2018

Round

Debt

Series D

Company

Shift Technologies

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Amount

$70M

$99M

New?

No

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Co-Investors

Sources

4

10

Lithia Motors Portfolio Exits

1 Portfolio Exit

Lithia Motors has 1 portfolio exit. Their latest portfolio exit was Shift Technologies on October 13, 2020.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

10/13/2020

Reverse Merger

$99M

4

Date

10/13/2020

Exit

Reverse Merger

Companies

Valuation

$99M

Acquirer

Sources

4

Lithia Motors Acquisitions

16 Acquisitions

Lithia Motors acquired 16 companies. Their latest acquisition was PFAFF Automotive Partners on August 31, 2021.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

8/31/2021

$99M

Acquired

2

8/24/2021

$99M

Acquired

1

7/27/2021

$99M

Acquired

2

7/27/2021

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$99M

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10

4/27/2021

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$99M

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10

Date

8/31/2021

8/24/2021

7/27/2021

7/27/2021

4/27/2021

Investment Stage

Companies

Subscribe to see more

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Valuation

$99M

$99M

$99M

$99M

$99M

Total Funding

Note

Acquired

Acquired

Acquired

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Sources

2

1

2

10

10

Lithia Motors Partners & Customers

7 Partners and customers

Lithia Motors has 7 strategic partners and customers. Lithia Motors recently partnered with PFAFF Automotive Partners on August 8, 2021.

Date

Type

Business Partner

Country

News Snippet

Sources

8/31/2021

Partner

Canada

Lithia & Driveway (LAD) launch into Canada with Pfaff partnership

31 , 2021 -- Lithia and Pfaff Automotive Partners today announced a new partnership , the first step in LAD 's expansion into Canada .

1

11/26/2019

Partner

United States

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10

3/27/2019

Partner

United States

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10

12/20/2018

Partner

United States

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10

9/13/2018

Partner

United States

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10

Date

8/31/2021

11/26/2019

3/27/2019

12/20/2018

9/13/2018

Type

Partner

Partner

Partner

Partner

Partner

Business Partner

Country

Canada

United States

United States

United States

United States

News Snippet

Lithia & Driveway (LAD) launch into Canada with Pfaff partnership

31 , 2021 -- Lithia and Pfaff Automotive Partners today announced a new partnership , the first step in LAD 's expansion into Canada .

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Sources

1

10

10

10

10

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