THE — VALLEY — — Lithia purchases Tri-Cities dealership
Lithia Motors Inc. continues to absorb auto dealerships. The Medford-based company announced Monday that it has bought Tri-Cities Dodge in Kennewick, Wash., for $3.9 million in cash and stock.
The deal gives Lithia 39 dealerships in five states and marks the 11th dealership the company has purchased this year -- matching last year's total. The company has added more than $475 million in annual sales this year, topping last year's $310 million, spokesman Jeff DeBoer said.
He said the company expects to continue buying dealerships.
— Albertson's to open new store Wednesday
Albertson's has scheduled a grand opening ceremony for 8 a.m. Wednesday at its new store on Jacksonville Highway, just outside Medford. Medford City Councilman Sal Esquivel is scheduled to take part in the ribbon cutting.
The 56,000-square-foot store includes a coffee shop, a meal center, a video shop and a full-service pharmacy.
To celebrate the new store, Albertson's is donating $2,000 to Rogue Valley Medical Center and seedling trees to local schools.