chef_tim Posted July 13, 2005 Share Posted July 13, 2005 Major bummer for me and all the good folks working here......... http://www.keloland.com/NewsDetail2817.cfm?Id=0,40997 Link to comment Share on other sites More sharing options...
NuclearBacon Posted July 13, 2005 Share Posted July 13, 2005 This article made me sad. For what its worth, my heart goes out to you and your co-workers. In the HUGE-LY populated area i live in, there are three Subaru dealers, and about 150,000,000 Kia, Daewoo, Geo, whatever other people drive dealerships. It makes me sad to see a Subaru dealership go under, instead of one of the others. I'm totally sorry. *sympathy* Link to comment Share on other sites More sharing options...
chef_tim Posted July 13, 2005 Author Share Posted July 13, 2005 Just to clearify, I don't work there. I just like alot of the people who do. Later, Tim Link to comment Share on other sites More sharing options...
subeman90 Posted July 13, 2005 Share Posted July 13, 2005 I wonder aobut the people that have their cars there for svc. or HG's etc. Could you imagine if they shut the place down and your motor was on the floor half apart? Lawsuit time. I hate to see the soob dealers go under...especially when the people there are nice... I wonder if the bank will liquidate the cars at a highly discounted price? hmmmmmmmmm Link to comment Share on other sites More sharing options...
Guest Vickaroo Posted July 13, 2005 Share Posted July 13, 2005 I told Tim just last night we should now sell the RS, because if any work needs to be done on it there is no dealers here in town, also the nearest one to us is in Minn. about 3 hours away.... Thats why I wanted a BRAND NEW ONE was for the Warr. and the people here..... Vicky Link to comment Share on other sites More sharing options...
Cougar Posted July 13, 2005 Share Posted July 13, 2005 Hopefully the market will support reopening the local dealership under new and better management. Link to comment Share on other sites More sharing options...
Sweet82 Posted July 13, 2005 Share Posted July 13, 2005 I'd bet shortly another name will be on the building and hopefully Subaru People will be inside. Link to comment Share on other sites More sharing options...
MilesFox Posted July 13, 2005 Share Posted July 13, 2005 time to buy a subaru dealership, for those who have money Link to comment Share on other sites More sharing options...
WJM Posted July 13, 2005 Share Posted July 13, 2005 that is...in a way...bad publicity for SUBARU. Link to comment Share on other sites More sharing options...
chef_tim Posted July 13, 2005 Author Share Posted July 13, 2005 that is...in a way...bad publicity for SUBARU. I agree 100%. People see that and think "must not be a very good car" or "I bett they're junk, can't keep a dealer in business" etc etc. I'm really hopeing someone gets in there and buys the place. Later, tim Link to comment Share on other sites More sharing options...
Bill90Loyale Posted July 14, 2005 Share Posted July 14, 2005 Tim- So what was the dealership doing? The bank sounds like there were "discrepancies" in cars-on-hand v. cars reported to bank, and there is mention of large consumer fraud case, but no real details. What was the management doing? Link to comment Share on other sites More sharing options...
chef_tim Posted July 14, 2005 Author Share Posted July 14, 2005 From my understanding this all kind of erupted over a law suit in IA for deceptive business practices. It was one of those JD Byrider type places that will give you in house financing but at a high intrest rate. (Just another case of not taking responsibility on the purchasers end if you ask me). Now there is a state senator involved who worked for the bank/took campagnine money/signed off on loans. Just nasty all the way around. I'd say from the news reports, that there was mismanagment on his part, but who know till it all comes out in the wash. Tim Link to comment Share on other sites More sharing options...
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