LMP Automotive Holdings, Inc. Provides Financial Update and Signs a $15.8 Million All Cash Agreement to Sell its Chrysler Jeep Dodge Ram Dealership in New York

FORT LAUDERDALE, Fla., July 15, 2022 (GLOBE NEWSWIRE) -- LMP Automotive Holdings, Inc. (NASDAQ: LMPX) (“LMP” or the “Company”), an e-commerce and facilities-based automotive retailer in the United States, today provided a financial update and announced it has entered into a $15.8 million all cash agreement (the “Agreement”) to sell its Chrysler Jeep Dodge Ram Dealership in White Plains, New York.