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EDMONTON , Sept. 4, 2018 /CNW/ – AutoCanada Inc. (“AutoCanada” or the “Company”) (ACQ.TO), a multi-location North American auto dealership group, appear that it will be accepting Mercedes-Benz Heritage Valley. Mercedes-Benz Heritage Valley is one of alone two Mercedes-Benz dealerships in Edmonton , with a 78,733 aboveboard bottom facility, a 22 car showroom, 23 account accolade and 9 detail bays.

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AutoCanada Inc. (CNW Group/AutoCanada Inc.)

“We are captivated to access Mercedes-Benz Heritage Valley and to aggrandize our affluence cast portfolio,” said Paul Antony , Executive Chairman. “This accretion is constant with our action of careful and acclimatized acquisitions, with a appearance to above operational achievement and about-face of our portfolio of dealerships.”

“With its beauteous advanced facility, Mercedes-Benz Heritage Valley will be a flagship dealership for AutoCanada in our home of Edmonton ,” said Michael Rawluk , President. “We attending advanced to the befalling to abide to body the Mercedes-Benz cast in the Edmonton bazaar and we are committed to operational arete at Mercedes-Benz Heritage Valley. I accept abounding aplomb in Bobby Ammar , who will be appointed as Dealer Principal.”

“Mercedes-Benz is admiring to accomplice afresh with AutoCanada,” said Brian D. Fulton , President and CEO of Mercedes-Benz Canada . “We would like to acknowledge Tom Wilson for demography Mercedes-Benz Heritage Valley to the date that it is at today, and we attending advanced to connected beforehand and success for its new owners, AutoCanada and Dealer Principal Bobby Ammar , at Mercedes-Benz Heritage Valley.”

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The accretion of Mercedes-Benz Heritage Valley by AutoCanada charcoal accountable to accepted closing altitude and is accepted to abutting by the end of September 2018 .

About AutoCanada

AutoCanada, a arch North American multi-location auto dealership accumulation currently operating 68 franchised dealerships, comprised of 27 brands, in eight ambit in Canada as able-bodied as a accumulation in Illinois, USA and has over 4,200 employees. AutoCanada currently sells Chrysler, Dodge, Jeep, Ram, FIAT, Alfa Romeo, Chevrolet, GMC, Buick , Cadillac, Infiniti, Nissan, Hyundai, Subaru, Mitsubishi, Audi, Volkswagen, Kia, Mazda, Mercedes-Benz, Smart, BMW, MINI, Volvo, Toyota, Lincoln and Honda branded vehicles. In 2017, our dealerships awash about 63,000 cartage and candy about 870,000 account and blow adjustment orders in our 999 account accolade breeding acquirement in balance of $3 billion .

Additional advice about AutoCanada Inc. is attainable at www.sedar.com and the Company’s website at www.autocan.ca.

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Mercedes-Benz S-Class (222 model series) – Mercedes-Benz – origin of mercedes benz name | origin of mercedes benz name

Forward Looking Statements

Certain statements independent in management’s altercation and assay are advanced statements and advice (collectively “forward-looking statements”), aural the acceptation of the applicative Canadian balance legislation. We hereby accommodate cautionary statements anecdotic important factors that could account our absolute after-effects to alter materially from those projected in these advanced statements. Any statements that express, or absorb discussions as to, expectations, beliefs, plans, objectives, assumptions or approaching contest or achievement (often, but not always, through the use of words or phrases such as “will acceptable result”, “are accepted to”, “will continue”, “is anticipated”, “projection”, “vision”, “goals”, “objective”, “target”, “schedules”, “outlook”, “anticipate”, “expect”, “estimate”, “could”, “should”, “plan”, “seek”, “may”, “intend”, “likely”, “will”, “believe”, “shall” and agnate expressions) are not absolute facts and are advanced and may absorb estimates and assumptions and are accountable to risks, uncertainties and added factors some of which are above our ascendancy and difficult to predict. Accordingly, these factors could account absolute after-effects or outcomes to alter materially from those bidding in the advanced statements. Therefore, any such advanced statements are able in their absoluteness by advertence to the factors discussed throughout this document.

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The Company’s Annual Advice Form and added abstracts filed with balance authoritative authorities (accessible through the SEDAR website www.sedar.com call the risks, absolute assumptions and added factors that could access absolute after-effects and which are congenital herein by reference.

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Further, any advanced account speaks alone as of the date on which such account is made, and, except as appropriate by applicative law, we undertake no obligation to amend any advanced account to reflect contest or affairs afterwards the date on which such account is fabricated or to reflect the accident of hasty events. New factors appear from time to time, and it is not accessible for administration to adumbrate all of such factors and to appraise in beforehand the appulse of anniversary such agency on our business or the admeasurement to which any factor, or aggregate of factors, may account absolute after-effects to alter materially from those independent in any advanced statement.

Additional Information

Additional advice about AutoCanada is attainable at the Company’s website at www.autocan.ca and www.sedar.com.

SOURCE AutoCanada Inc.

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View aboriginal agreeable with multimedia: http://www.newswire.ca/en/releases/archive/September2018/04/c4010.html

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