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AutoCanada Announces Award of Chevrolet Buick GMC Open Point Dealership
AutoCanada Announces Award of Chevrolet Buick GMC Open Point Dealership Canada New...
About this update from Autocanada Inc.
[{"type":"text","content":"\n\n\n\nAutoCanada Announces Award of Chevrolet Buick GMC Open Point Dealership\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\n\nCanada NewsWire\nEDMONTON, Dec. 21, 2018\n\n\n\nEDMONTON, Dec. 21, 2018 /CNW/ - AutoCanada Inc. (\"AutoCanada\" or the \"Company\") (TSX:ACQ) announced that it has been awarded the right to a General Motors open point dealership featuring the Chevrolet, Buick and GMC brands in Maple Ridge, British Columbia, a community located in the northeastern sector of Greater Vancouver.  The Company will construct an approximately 33,400 square foot facility designed to General Motors image standards, with construction expected to be completed in the first quarter of 2020.\nThe Maple Ridge Chevrolet Buick GMC dealership will complement AutoCanada's existing dealerships in Maple Ridge, British Columbia and AutoCanada's five other General Motors dealerships in British Columbia, Saskatchewan and Manitoba.\n\"We would like to thank General Motors Canada for their continued confidence in AutoCanada through the awarding of the GM Maple Ridge open point,\" said Paul Antony, Executive Chairman of the Company.  Michael Rawluk, President of the Company, further noted \"we will leverage AutoCanada's team and experience to apply our standards of operational excellence to this open point.\"\n \"We are very excited to partner with AutoCanada in expanding our dealer network,\" said Scott Bell, Vice President, Sales, Service and Marketing of General Motors Canada.  \"Establishing a dealership in the Maple Ridge open point is a significant milestone for the Great Vancouver area as it has been an open point for Chevrolet Buick GMC since January 2007.\"\nThe land for the open point is subject to the sale-leaseback transaction with Capital Automotive announced by AutoCanada today and Capital Automotive will fund the construction of the facility.\n\nAbout AutoCanada\nAutoCanada, a leading North American multi-location automobile dealership group currently operating 68 franchised dealerships, comprised of 28 brands, in eight provinces in Canada as well...