IN BRIEF: Jardine Matheson sells UK motor dealership to US's Lithia
Jardine Matheson Holdings Ltd - Hong Kong-based holding company with interests in retail, property, hotels and motor dealerships - Completes sale of Jardine Motors Group in the UK to Lithia & Driveway, part of Oregon-based, New York-listed Lithia Motors Inc. Doesn't provide sale price. Says Jardine Motors Group grew from a family-run motor retailer in East Anglia to UK-wide chain with 50 locations representing 14 different automobile brands. Notes that Lithia operates across vehicle retailing, financing and repair, meaning Jardine Motors Group can capitalise on the industry trend toward omni-channel retail. Read More