Pinewood Technologies announced last week that has agreed to acquire Lithia’s 51% stake in the North American joint venture for $76.5m in shares. Alongside this, Pinewood has secured a five-year contract to deploy its Pinewood.AI system and other layered applications across all of Lithia's North American sites by the end of December 2028. We think the acquisition of the JV (subject to a shareholder vote on 30 June) provides more growth opportunities with other US dealer groups, adds flexibility ....
