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Article: Allied Holdings' Axis Group Announces Entry Into Canadian Remarketed Vehicle Market.
- Article from:
- PR Newswire
- Article date:
- June 21, 1999
CopyrightCOPYRIGHT 1999 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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DECATUR, Ga., June 21 /PRNewswire/ -- Allied Holdings, Inc. (NYSE: AHI) announced today that its wholly owned subsidiary, Axis Group, Inc., has acquired four vehicle-remarketing centers in Canada from GE Capital Fleet Services. At the same time, Axis entered into a four-year agreement to process GE Capital Fleet Services' off-lease vehicles at these same facilities. This is Axis' first entry into the Canadian market.
Axis purchased the assets and will continue to operate the vehicle remarketing centers located in Montreal, Toronto, Calgary and Vancouver. At these centers, off-lease vehicles are reconditioned for resale through closed auctions to licensed auto ...
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