Mississippi Business Journal » automobile dealerships

Lawyer reports McAllister, Nissan reach settlement

Associated Press — Fri, 27 Apr 2012 21:26:01 +0000

JACKSON — A lawyer for Deuce McAllister says a deal has been reached with Nissan Motor Acceptance Corp. in a federal lawsuit over the former Ole Miss and New Orleans Saints running back’s failed Mississippi car dealership. Attorney Joe Roberts tells The Associated Press the settlement has been submitted to the court for approval. He [...]

The post Lawyer reports McAllister, Nissan reach settlement appeared first on Mississippi Business Journal.

Oakes buys All-Star Motors, to continue as GM dealer

MBJ Staff — Thu, 27 Oct 2011 20:31:53 +0000

GREENVILLE — Oakes Auto Group is purchasing All Star Motors of Greenville and will continue as a General Motors dealership there. The current All-Star Motors site is located on both sides of U.S. 82 and the east side of Mississippi 1, with approximately 30 employees. “We will renovate or rebuild to make the (General Motors) [...]

The post Oakes buys All-Star Motors, to continue as GM dealer appeared first on Mississippi Business Journal.

Coast businessman sentenced for embezzling from customers

Associated Press — Wed, 05 Oct 2011 16:54:11 +0000

OCEAN SPRINGS — A Coast businessman has been sentenced for embezzlement and must pay full restitution to his victims, according to Attorney General Jim Hood. Rusty Lee Keenum, 37, of Ocean Springs, appeared before Judge John C. Gargiulo and pleaded guilty to two counts of embezzlement. The judge sentenced Keenum to six years in the [...]

The post Coast businessman sentenced for embezzling from customers appeared first on Mississippi Business Journal.

McAllister-Nissan settlement conference delayed

Associated Press — Mon, 26 Sep 2011 16:43:46 +0000

JACKSON — A settlement conference has been postponed in a lawsuit related to a Nissan dealership that was owned by former New Orleans Saints running back Deuce McAllister. McAllister’s Nissan dealership in Jackson closed after filing for bankruptcy in 2009. A settlement conference the case had been scheduled for tomorrow, but that’s been pushed back [...]

The post McAllister-Nissan settlement conference delayed appeared first on Mississippi Business Journal.

Ex-auto dealer to be sentenced for defrauding bank

Associated Press — Thu, 17 Mar 2011 13:35:49 +0000

OXFORD — Former Oxford automobile dealer Dino Jerry Grisanti will be sentenced May 26 on federal charges of defrauding Regions Bank. Grisanti pleaded guilty last October. The Northeast Mississippi Daily Journal reports that he faces up to 30 years in prison and a $1 million fine. Prosecutors say Grisanti admitted to a $2-million scheme to [...]

The post Ex-auto dealer to be sentenced for defrauding bank appeared first on Mississippi Business Journal.

Toyotas’ resell value plummeting

Associated Press — Tue, 09 Feb 2010 12:25:50 +0000

CHICAGO — Toyota is losing value by the week. Kelley Blue Book dropped the resale values of recalled Toyotas for the second time in four days yesterday, leaving them as much as 4 percent or $300 to $750 lower than a week ago, depending on the model. Recalls and a slow response to safety questions [...]

The post Toyotas’ resell value plummeting appeared first on Mississippi Business Journal.

GM, Chrysler dealers appeal closures

Associated Press — Wed, 27 Jan 2010 13:17:05 +0000

DETROIT — More than half of the nearly 2,800 dealers General Motors Co. and Chrysler Group LLC want to close are appealing those decisions, the group handling the appeals said Tuesday. The American Arbitration Association said 1,550 dealers filed the paperwork needed to contest the closures by the midnight Tuesday deadline. The group said that [...]

The post GM, Chrysler dealers appeal closures appeared first on Mississippi Business Journal.