FOR IMMEDIATE RELEASE

OWEN SOUND, ON | August 1, 2024 — The 401 Group of Companies is pleased to announce the successful acquisition of three franchised dealerships in Owen Sound, Ontario, previously owned by Baywest Motors. This strategic expansion adds Baywest Mitsubishi, Baywest Nissan, and Owen Sound Toyota (formerly Baywest Toyota) to the group’s rapidly growing portfolio. Located prominently in the auto mall along Highway 6, these three locations represent a significant investment in the Grey-Bruce region. The acquisition marks a historic milestone for the 401 Group as it welcomes its first-ever Toyota franchise into its network, while further strengthening its existing partnerships with Nissan and Mitsubishi. "We are incredibly excited to join the Owen Sound community and build upon the strong foundation established by Baywest Motors," said the 401 Group Leadership Team. "These brands are leaders in reliability and innovation, and we look forward to delivering the high standard of service and '401 Experience' that our customers have come to expect across Ontario." The 401 Group is committed to a seamless transition for both employees and customers. To ensure continuity and local expertise, the group has confirmed that all current staff and general managers will be retained. Residents of Owen Sound and the surrounding areas can continue to expect the same friendly faces, now backed by the expanded resources, inventory, and digital tools of one of Canada’s fastest-growing automotive groups. This acquisition aligns with the 401 Group’s 2024–2026 growth strategy, focusing on high-potential rural markets. With this addition, the group now operates over 30 locations, including automotive dealerships, powersports hubs, and specialized service centers. For more information about the new locations or to browse current inventory, please visit the 401 Group of Companies website. About The 401 Group of Companies Established with a vision to redefine the automotive experience, The 401 Group of Companies is one of Canada’s most diverse automotive organizations. Their portfolio includes franchised dealerships, independent showrooms, powersports, and marine divisions across Ontario, Manitoba, and international locations. With over 40 locations across Ontario, Manitoba, and Florida, the group offers a full range of automotive, marine, and recreational products and services. Media Contact: Marketing Manager Email: marketing@401auto.ca Phone: 519-650-4771 Website: 401group.ca