Stellantis Sues North Carolina Dealer to Avoid $180 Million Buyback

Stellantis Sues North Carolina Dealer to Avoid $180 Million Buyback​

Automaker Seeks Legal Clarity Over Repurchase Obligations for Unsold Fleet Vehicles...​

The Automotive News is reporting that Stellantis has initiated legal proceedings against Randy Marion Chrysler, Dodge, Jeep®, Ram (CDJR), a dealership in Wilkesboro, North Carolina. This lawsuit aims to prevent the company from having to repurchase over 3,800 unsold fleet vehicles, a move that would cost Stellantis around $180 million.

Stellantis Sues North Carolina Dealer to Avoid $180 Million Buyback

The Automotive News is reporting that Stellantis has initiated legal proceedings against Randy Marion Chrysler, Dodge, Jeep®, Ram (CDJR), a dealership in Wilkesboro, North Carolina. This lawsuit aims to prevent the company from having to repurchase over 3,800 unsold fleet vehicles, a move that...

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[MotorMaven]

Yet another example of how nobody wants gas guzzlers anymore. Fleets are moving to electric.

 

[cygnus]

Yet another example of how nobody wants gas guzzlers anymore. Fleets are moving to electric.

Funny, Ford Commercial is making money hand over fist.

 

[Mike201]

Yet another example of how nobody wants gas guzzlers anymore. Fleets are moving to electric.

Kind of doubt that. It’s the fact Stellantis is selling overpriced dated vehicles. EV’s are not selling like people think. Sales have dropped in the last quarter.

 

[MotorMaven]

Kind of doubt that. It’s the fact Stellantis is selling overpriced dated vehicles. EV’s are not selling like people think. Sales have dropped in the last quarter.

Stellantis’s truck volumes have collapsed despite them being all-new designs.

Gas guzzlers don’t sell.