Lithia invests $54M in, teams up with San Francisco e-commerce company

Lithia invests $54M in, teams up with San Francisco e-commerce company

One of Oregon’s two Fortune 500 companies has made a significant investment in, and joined forces with, a San Francisco partner. Lithia Motors Inc. (NYSE: LAD) will pour $54 million into Shift, an e-commerce retailer, as part of the latter company’s Series D fundraising round. Lithia, in framing the move as a “strategic partnership,” will become the company’s largest shareholder. Shift’s technology offers users a “concierge” service that picks up and delivers vehicles to potential buyers, among…

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Lithia invests $54M in, teams up with San Francisco e-commerce company