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The miracle cars scam was an advance-fee scam run from 1997 to 2002 by Californians James R. Nichols and Robert Gomez. In its run of just over four years, over 4,000 people bought 7,000 cars that did not exist, netting over US$ 21 million from the victims.
The General Motors streetcar conspiracy refers to the convictions of General Motors (GM) and related companies that were involved in the monopolizing of the sale of buses and supplies to National City Lines (NCL) and subsidiaries, as well as to the allegations that the defendants conspired to own or control transit systems, in violation of Section 1 of the Sherman Antitrust Act.
Employees at an auto dealership in New Hampshire coaxed customers into buying cars they couldn’t afford and used other deceptive business practices, state officials said.
Car loan scandal payout fears as row drags on. What's behind car finance mis-selling complaints? Lawyers for car buyers say cases should proceed on the basis of the Court of Appeal ruling, but Mr ...
John M. McNamara (born 1940) [1] [2] is an American former businessman who was convicted of a Ponzi scheme fraud through gaining loans to a value of $6 billion from General Motors financing arm GMAC, to develop a $400M car sales and property development business.
Ulrich Baumgarten/Getty ImagesVolkswagen CEO Martin Winterkorn By Andreas Cremer BERLIN -- Volkswagen (VLKAY) said a scandal over falsified U.S. vehicle emission tests could affect 11 million of ...
Driving.co.uk ranked it #14 on their list of the 23 ugliest cars ever made, [136] Auto Express ranked it #5 on their list of the ten ugliest cars ever made, [137] and Drive.com.au included in their article on the worst cars of the 20th century, calling it "one of the silliest-looking cars of the century".
In 2012, Tucker was the national title holder in the D Sports Racing category driving a West chassis car purpose-built for the task, claiming the SCCA record lap at Road America with a time of 1:58.997. [32] West Race Cars was purchased by Level 5 in 2011, and significant resources and money were expended by Level 5 to build the record-breaking ...