- Dealer accused of duplicate loans on sold vehicles.
- Stellantis says Iowa dealer owes more than $12M.
- Lawsuit seeks seizure of cars, parts, and equipment.
Stellantis has accused a car dealership in Newhall, Iowa, of running a multi-million-dollar fraud scheme tied to vehicle inventory financing. According to the automaker, the alleged operation involved duplicate loans taken out on cars that had already been sold.
The dealership, Sky Auto Mall, which operates locations in Newhall and Center Point, reportedly received loans from Stellantis to purchase vehicles for its inventory. In a newly filed lawsuit, however, Stellantis claims the dealer also secured similar loans from other lenders using the same vehicles as collateral.
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