LMP Automotive Holdings, Inc. Receives General Motors’ Manufacturer Approval for Certain of its Subsidiaries as it Relates to its Stage 1 Southeast Acquisitions
LMP Automotive Holdings, Inc. (LMPX)
Company Research
Source: GlobeNewswire
FORT LAUDERDALE, Fla., Dec. 23, 2020 (GLOBE NEWSWIRE) -- LMP Automotive Holdings, Inc. (NASDAQ: LMPX) (the "Company" or “LMP”), an e-commerce and facilities-based platform for consumers who desire to buy, sell, subscribe to or finance pre-owned and new automobiles, today announced it has received General Motors’ manufacturer approval for certain of its subsidiaries as it relates to its stage 1 Southeast acquisitions. Richard Aldahan, LMP’s Chief Operating Officer, stated, “As of 2020, General Motors is ranked number 18 on the Fortune 500 list of the largest United States corporations by total revenue. We are honored to commence our relationship with General Motors and look forward to working together in representing its product lineup. I want to thank the General Motors team for its professionalism and confidence in LMP throughout this process. The approval is subject to customary closing conditions.” ABOUT LMP AUTOMOTIVE HOLDINGS, INC. – “BUY, SUBSCRIBE, SELL AND REPEAT.”LMP Auto
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- LMP Automotive Holdings, Inc. today announced it will issue a shareholder liquidation distribution of $0.20 per share on February 7, 2024, to all shareholders as of record of January 31, 2024, and Provided a Corporate UpdateGlobeNewswire