Managing Automotive

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Managing Automotive

Jury awards $256M to auto dealer in Nissan suit

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Jury awards $256M to auto dealer in Nissan suit

Nissan says it will appeal a jury's award of more than $256 million to a California auto dealer who claimed the company put him out of business during the recession. The Orange County panel ruled in favor of Michael Kahn, who owned seven Nissan and other dealerships in the Los Angeles and San Francisco Bay areas. Kahn claimed Nissan's financing arm had promised to keep his businesses afloat through 2009 but had a "secret plan" to foreclose after stripping him of assets, including his home.

[Washington Post]

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