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Raymond Reggie sentenced in $1.2 million auto dealership scam;...

2015-06-18 05:50:57| Auto Dealers - Topix.net

Raymond Reggie sentenced in $1.2 million auto dealership scam; prosecutor calls politically connected felon a 'flim-flam con artist' Advocate staff photo by TRAVIS SPRADLING -- Mandeville businessman Raymond Christopher Reggie walks into Russell B. Long Federal Courthouse in Baton Rouge Wednesday morning, for the sentencing hearing on his conviction on five counts of mail fraud, in connection with stealing over $1 million from multiple south Louisiana car dealerships over three years, for advertising services never rendered. The fees they paid went into Reggie's bank account.

Tags: auto million raymond scam

 

Amityville car dealership will change procedures to meet neighbors' concerns

2015-06-11 21:47:07| Auto Dealers - Topix.net

Amityville car dealer Security Dodge this week agreed to a lengthy list of stipulations in return for renewal of village licenses it needs to operate two lots on Merrick Road used for automobile storage and display. Village trustees approved the licenses Monday night after a monthslong delay to research neighbors' complaints about chronic parking and traffic problems around the 345 Merrick... Amityville car dealer Security Dodge this week agreed to a lengthy list of stipulations in return for renewal of village licenses it needs to operate two lots on Merrick Road used for automobile storage and display.

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Tata Motors launches one of its largest dealership in Riyadh, Saudi Arabia

2015-06-10 11:13:12| Automakers - Topix.net

Tata Motors in association with Saudi Arabia-based Manahil International Company has opened one of the Gulf's largest automobile showroom and service facilities in Riyadh. A unit of Mohamed Yousuf Naghi and Brothers Group , Manahil International is the sole authorised distributor of India-based Tata Motors in the kingdom.

Tags: largest motors arabia saudi

 

Dealership MandA market cools following Soros buzz

2015-06-08 13:34:06| Auto Dealers - Topix.net

When representatives of Wall Street financier George Soros told dealers in January at the National Automobile Dealers Association convention that the billionaire's family fund wanted to buy dealerships, it prompted a flurry of speculation that private-equity money and wealthy families' funds would open their fat wallets and inflate buy-sell prices. "What we're seeing is a cooling off of the M&A market in terms of private equity and family funds," says Mark Johnson, president of buy-sell advisory firm MD Johnson Inc. in Seattle.

Tags: market buzz manda dealership

 

US: Costco has become a great car dealership

2015-06-08 09:27:30| Auto Dealers - Topix.net

There are US consumers who don't bother to hit a dealership when they are out looking for a new auto - they just visit their local Costco. That's because the warehouse retailer exempts them from haggling or upselling.

Tags: great car dealership costco

 

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