merrie says: advise her husband on who to protect and who to punish. Democratic donor Sidney Deboer is Chairman of Lithia Motors. He donated over $14,000 to Sen. Ron Wyden (D-OR) and Sen. Hillary Clinton (D-NY). Lithia Motors lost only two of its 29 dealerships while gaining as many as five additional ones in the resulting carnage. A quick review of the Dealmaker Auto Group reveals the following, uhm, issues: * Watertown Daily Times: HSBC: dealer owes $10.2m: Lender says DealMaker Auto Group defaulted on loans, notes from 2006... A commercial lender is seeking a $10.2 million judgment against DealMaker Auto Group, claiming that the car dealership defaulted on a series of loans and notes provided in 2006. Watertown Daily Times: DealMaker implements companywide procedural training: In the wake of an investigation by the state attorney general that cost the company $2 million in payments, DealMaker Auto Group has begun an aggressive training campaign . . . . * to standardize and improve operating procedures at all seven dealerships... * Trading Markets: GMAC suit seeks DealMaker assets: The company that provides financing for vehicle inventory at DealMaker LLC's Seaway Chevrolet has begun action in state Supreme Court to take control of the business's assets after claiming it defaulted on a financing agreement. General Motors Acceptance Corp., Cranberry Township, Pa., filed its suit Wednesday at the Jefferson County Clerk's office against DealMaker, seeking a judgment of nearly $2.4 million. It claims, among other things, the Theresa dealership violated its wholesale floor-plan financing agreement. So another dealer, who appears to be e... Paging Nate Gold... Nate Gold, over at 531.com: can you explain that data? It's soooo quiet. Oh, are those crickets chirping? And... check it out! Is that a bindle of tumbleweed rolling by? Update: Oops! Please -- no one tell Nate Copper that two Senators (one from each party) is asking for an investigation. We wouldn't want to burst the delicate bubble that is his worldview. Update Part Deux: Gateway Pundit has more dirt on DealMaker. Also, Josh Painter has an excellent overview of the situation. And Protein Wisdom, Paul Ibrahim, NewsBusters and Babalublog have more hope and change. [url=http://strata-sphere.com/blog/index.php/archives/9214]Obama’s “Dealergate” Scandal Needs In[b]... |
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