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Apr. 13—Lithia Motors Inc. on Tuesday said it has acquired the Troy-based Suburban Collection dealerships, connecting its 56 franchises to one of the largest auto retail networks in the country.
Fischer was born in 1946 in Detroit.His father founded the future Suburban Collection in 1948 [5] as a single Oldsmobile dealership in Birmingham, Michigan. [6] Fischer earned a B.A. from Parsons College, and attended executive education at Harvard Business School. [7]
In February 2021, a source reported Lithia Motors was in talks to acquire the Suburban Collection dealer chain in Michigan. Suburban reported revenues of $2.7 billion in 2019. Later in April of the same year, the company acquired New Jersey dealership Planet Honda of Union, which is expected to add $230 million in annual revenue.
The Suburban Collection Showplace is a convention center in Novi, Michigan. Located off Interstate 96, about 20 miles (32 km) northwest of Detroit, it is the second-largest convention center in Metro Detroit (after Huntington Place). [1] [2] It is best known as the current location of the Michigan State Fair. [3]
The 78-year-old Hawaii resident had wired $275,000 to Dream Auto Collection in Hollywood, Florida — yet, he never received the car. Or any car, for that matter.
Based on property value, Troy is the second largest city in Michigan, second only to Detroit. The Top of Troy is the city's tallest building (now renamed the National City Center). Troy is home to the upscale Somerset Collection mall, featuring a skywalk and over 180 stores, and the Oakland Mall.
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