Legal File

LEGAL BRIEFS

Former retailer sentenced for defrauding Ford Credit

12:01 am U.S. ET | Sept. 10, 2012

A former New Jersey car dealer received a three-year prison term for defrauding Ford Motor Credit Co. through false financial statements intended to cover up his failure to pay more than $11 million on 380 vehicle sales.... Read More »

LEGAL BRIEFS

Ex-Ford dealer falsified financials to stay afloat

12:01 am U.S. ET | Sept. 10, 2012

A former Illinois car dealer has begun a 42-month federal prison sentence for fraud and money laundering. Thomas McClain also must pay Ford Motor Credit Co. and a local bank more than $6.8 million for their losses on operating and floorplan loans.... Read More »

LEGAL BRIEFS

Ex-comptroller's choice: Repayment or prison

12:01 am U.S. ET | Sept. 10, 2012

If the former comptroller of a New York auto dealership pays more than $200,000 in restitution before her sentencing this week she will get probation rather than jail time, the Rockland County, N.Y., district attorney's office said.... Read More »

Automotive News
Special Video Report
Nissan's Munoz: 'You Grow or You Go'

Nissan's Munoz: 'You Grow or You Go'

Nissan North America Chairman Jose Munoz has a tough goal to meet: Raise the combined U.S. market share of the Nissan and Infiniti brands from 8.4 percent last year to 10 percent by March of 2017.
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