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AutoCanada Inc T.ACQ

Alternate Symbol(s):  AOCIF

AutoCanada Inc. is a Canada-based multi-location franchised automobile dealership company. It offers a diversified range of automotive products and services, including new vehicles, used vehicles, vehicle leasing, vehicle parts, vehicle maintenance and collision repair services. Its segments include Canadian Operations and U.S. Operations. It operates over 83 franchised dealerships, comprised of 28 brands, in eight provinces in Canada as well as a group in Illinois, United States. It sells Acura, Alfa Romeo, Audi, BMW, Buick, Cadillac, Chevrolet, Chrysler, Dodge, FIAT, Ford, GMC, Honda, Hyundai, Infiniti, Jeep, Kia, Lincoln, Mazda, Mercedes-Benz, MINI, Nissan, Porsche, Ram, Subaru, Toyota, Volkswagen, and Volvo branded vehicles. Its Canadian Operations segment operates three used vehicle dealerships and one used vehicle auction business supporting the Used Digital Division, 13 RightRide division locations, and 11 stand-alone collision centers within its group of 27 collision centers.


TSX:ACQ - Post by User

Bullboard Posts
Post by pharesfon May 17, 2018 2:23pm
185 Views
Post# 28047570

Many Layers

Many Layers

Autocanada is denying Calvin, the perpetrator, was an employee. They are trying to distance themselves from him but the fact is that he had a desk there and did work for them. He is not allowed to sell Vehicles in Alberta and has done something like this in the past. A huge public company like ACQ should know who they are giving access to their vehicles. 

I think that news release yesterday is AutoCanada doing damage control and it will get worse before it gets better.  

Bullboard Posts