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Toyota Credit Drops the Hammer on Dealer Group
More and more car companies seem to be cleaning house, and Toyota Motor Credit Corporation is the latest to do so. According to a report from Automotive News, the captive lender has filed a lawsuit against a Connecticut dealership group, alleging millions in financial exposure tied to questionable inventory practices. At the center of the case is Stephen Cadillac GMC in Bristol, which also operates a Toyota franchise under the same ownership umbrella.
https://www.autoblog.com/news/toyota-sues-dealer-after-5-1-million-in-vehicles-go-missing
More and more car companies seem to be cleaning house, and Toyota Motor Credit Corporation is the latest to do so. According to a report from Automotive News, the captive lender has filed a lawsuit against a Connecticut dealership group, alleging millions in financial exposure tied to questionable inventory practices. At the center of the case is Stephen Cadillac GMC in Bristol, which also operates a Toyota franchise under the same ownership umbrella.
https://www.autoblog.com/news/toyota-sues-dealer-after-5-1-million-in-vehicles-go-missing
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