Kia dealership sues LMP Automotive following failed acquisition

LMP Automotive at the New York Stock Exchange

April 01, 2022 06:41 PM

A Connecticut Kia dealership this week sued LMP Automotive Holdings Inc., alleging breach of contract and seeking $100,000 in deposits held in the failed acquisition. But a lawyer for the dealership said a resolution may already be in the works.

Featured Stories

Trump’s tariffs challenge Korea and other industry friends

U.S. tariffs on imported vehicles are in effect, with parts duties following soon

What vehicle parts are now subjected to tariffs? Powertrain, suspension, safety and more

MSRP and dealers and finance, oh my! Why tariff price impacts may vary

Latest News

Tesla sales lag again in key European markets in March amid Musk protests

Will Carvana be ready for the next market shift with tariffs? Confidence is there

Trump’s tariffs challenge Korea and other industry friends

Dealership can defend itself against lawsuit stemming from test drive crash, court rules

Staying current is easy with newsletters delivered straight to your inbox.

See More in Retail

Will Carvana be ready for the next market shift with tariffs? Confidence is there

Dealership can defend itself against lawsuit stemming from test drive crash, court rules

Canadian March, Q1 sales surge on tariff fears

Bennett Automotive Group sells Provincial Chrysler in Windsor, Ont.

Staying current is easy with newsletters delivered straight to your inbox.