Dealer Group CFO Admits to Defrauding Ford Credit of $50M
Nearly a year after Ford Motor Credit sued Reagor-Dykes Auto Group for hiding one of the largest floorplan financing frauds ...
Nearly a year after Ford Motor Credit sued Reagor-Dykes Auto Group for hiding one of the largest floorplan financing frauds ...
As vehicles idle on dealers’ lots, auto lenders face slower repayment of their floorplan loans. Nissan Motor Acceptance Corp., for ...
An emerging trend — where dealers use off-lease vehicles from short-term leases to stock certified pre-owned (CPO) programs — is ...
Year-to-date auto securitization volume hit $57.8 billion at the end of April, with prime loan issuance accounting for the lion’s ...
Ford Motor Credit has determined that Bart Reagor, co-owner of Lubbock-based Reagor-Dykes Auto Group, owes $45.3 million to the captive ...
Ford Motor Credit earned $801 million before taxes in the first quarter, notching a 25% year-over-year increase and the captive’s ...
Via Ford. Ford Motor Co.'s plan to invest $500 million in electric vehicle manufacturer Rivian could create an opportunity for ...
Photographer: Daniel Acker/Bloomberg Reagor-Dykes Auto Group Co-Owner Rick Dykes has agreed to pay Ford Motor Credit Co. $58.7 million, about ...