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Article: Group 1 charges DCX with 'coercion'.(News)(Group 1 Automotive Inc.)(Brief article)
- Article from:
- Automotive News
- Article date:
- July 23, 2007
- Author:
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Copyright informationCOPYRIGHT 2007 Crain Communications, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Bradford Wernle
Group 1 Automotive, the nation's fourth-largest dealership group, has sued DaimlerChrysler and its finance companies, alleging discrimination against Group 1's Chrysler group and Mercedes-Benz dealerships.
The civil suit, filed Monday, July 16, in U.S. District Court in Los Angeles, claims DaimlerChrysler used "unlawful coercion, retaliation, discrimination and bad-faith conduct'' after Group 1 switched its $300 million floorplan loan from DaimlerChrysler Financial to JPMorgan.
Plaintiffs are Group 1's three Mercedes-Benz and 12 Chrysler dealerships. Houston-based Group 1, headed by CEO Earl Hesterberg, sold 129,198 new retail vehicles in ...