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Toyota Sues A Dealer After 16 Missing Cars Became A $5.1M Hole
Executive Summary
Summary: Toyota sued Connecticut dealership Stephen Cadillac GMC after a March audit discovered 16 vehicles worth $1.4 million missing. Toyota Credit alleges the dealership sold vehicles without repaying floorplan loans, totalling over $5.1 million in damages. The lawsuit seeks vehicle control and prevents further asset transfers.
Brands mentioned: Toyota, Cadillac, GMC, Subaru
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Toyota Sues A Dealer After 16 Missing Cars Became A $5.1M Hole