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AutoCanada Inc announces stock and cash deal for investment in group of two General Motors dealerships

Monday, 10 Mar 2014 09:31pm EDT 

AutoCanada Inc:Obtains approval from General Motors of Canada to purchase a 70 pct. non-voting equity interest in Saskatoon Motor Products Ltd., a Chevrolet dealership located in Saskatoon, Saskatchewan.And Mann-Northway Auto Source Ltd., a Chevrolet GMC Buick Cadillac dealership located in Prince Albert, Saskatchewan.Purchase of the two dealerships closed upon obtaining approval from GM Canada. Based in Saskatoon, Saskatoon Motor Products Ltd. has been serving Saskatchewan for over 60 years with new and used General Motors vehicles.Dealership will operate out of a leased facility which includes a 10 car showroom, 32 service bays and 10 body shop bays. 

Company Quote

-0.31 -0.46%
4:00pm EDT