EDMONTON, May 8, 2014 /CNW/ - AutoCanada Inc. ("AutoCanada") (TSX:ACQ) will correct its recently issued Management's Discussion and Analysis ("MD&A") dated May 8, 2014. On page 21 of the MD&A, we noted, "As a result, management has increased its guidance to one dealer group and nine to eleven additional dealerships by March 31, 2015." AutoCanada notes a typographical error and will replace "March 31, 2015" with "March 31, 2016".
AutoCanada is one of Canada's largest multi-location automobile dealership groups, currently operating 34 franchised dealerships in seven provinces and has approximately 1,600 employees. AutoCanada currently sells Chrysler, Dodge, Jeep, Ram, FIAT, Chevrolet, GMC, Buick, Cadillac, Infiniti, Nissan, Hyundai, Subaru, Mitsubishi, Audi, and Volkswagen branded vehicles. In 2013, our dealerships sold approximately 36,000 vehicles and processed approximately 364,000 service and collision repair orders in our 381 service bays during that time.
SOURCE: AutoCanada Inc.
For further information:
Jeff Christie, CA
Phone: (780) 732-7164