AutoCanada resolves lawsuit towards former CEO Patrick Priestner

BE desk

Each AutoCanada, which now owns 83 franchised dealerships in Canada and america, and CanadaOne, which owns 29 new-car retail outlets throughout 4 provinces, have persisted to extend over the intervening 4 years.

In a joint commentary Sept. 8, the 2 firms introduced that they had indubitably to unravel the 2019 swimsuit towards Priestner. They didn’t grant complete information about the agreement, however stated neither celebration will admit wrongdoing or legal responsibility, and that some actual property will alternate arms as a part of the solution.

AutoCanada will promote two houses on which CanadaOne dealerships are situated to CanadaOne, time CanadaOne will amend the rentals for 2 houses it owns that space AutoCanada dealerships.

The 2 firms have additionally indubitably to “co-operate on certain commercial matters for each other’s mutual benefit.”

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