AutoCanada Inc T.ACQ

Alternate Symbol(s): AOCIF

Consumer Cyclical Auto & Truck Dealerships

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.

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AutoCanada Inc

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Post by OptsyEagleon Feb 06, 2019 1:05pm

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Post# 29327030

Could You Not See This Coming

The very first news release where ACQ decided to buy some GM dealerships under the 50.1% owned by Pat Priestner and 49.9% owned by AutoCanada, all financed by AutoCanada, I knew it would be a serious conflict of interest and opinions on who gets what and who pays what will undoubtedly become serious. What was the board thinking? It was obvious that they should have just forgot about General Motors. Let it go. I imagine the greed opportunity for Pat Priestner was what pushed everyone forward. Stupidity in its purist form. https://stockhouse.com/news/press-releases/2019/02/06/autocanada-commences-litigation-against-patrick-priestner-and-canada-one-auto

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