An established local automobile dealership has been sold to a Halfax-based company.
City Chrysler, a fixture in Corner Brook for more thn 60 years, has been acquired by the Steele Auto Group.
City Chrysler has been owned and operated by the O'Reilly family for the past 23 years. In a prepared statement, GM Jason O'Reilly said he is happy that continuity is being provided for City Chrysler employees and that ownership by the Steele group will provide greater opportunity for growth of the Chrysler brand in Corner Brook.
According to the statement, Chrysler Canada has approved the transaction, due diligence is underway and the deal is expected to close March 31.