LoJack Corp. (LOJN) Enters Agreement with Largest Ford Dealership on Earth
LoJack yesterday announced it has entered into an agreement with the largest Ford dealership in the world, Galpin Ford, to install the LoJack Stolen Vehicle Recovery System on Galpin’s vehicle fleet. This agreement is the largest of its kind to be established between LoJack Corporation and a single dealer, representing a strategic direction LoJack is taking with topflight dealers such as Galpin Ford. Galpin Ford has been the world’s largest Ford dealership for 22 consecutive years, and the arrangement between the two entities is a win for both. Vehicle thefts are happening increasingly at dealer lots, and Los Angeles particularly…