Porsche Restoration Company Faces Dozens Of Lawsuits, Owed Millions

An investigation by NBC 7 Responds found dozens of lawsuits accusing the classic Porsche restoration and sales company of not honoring contractsFor more than 40 years CPR Classic in Fallbrook has specialized in the restoration and consignment sales of Porsches. This legacy is now in big financial trouble as it faces dozens of lawsuits reaching more than $11.7 million.

This is when he found and hired CPR Classic. They agreed on a sale price of $135,000 for the car with a 10% commission going to the company. They picked up the car from his home in Colorado. “Because they’re not telling me anything. They’re not keeping me updated with what’s going on,” he said. MacHale said Andrea did eventually send $10,000 as part of a monthly payment plan, but then, nothing.The NBC 7 Responds team wanted to know more about this business so we started digging. We found dozens of lawsuits in San Diego County alone.

According to one lawsuit, CPR Classic sold a vehicle they had at their shop for restoration. It was a 1960 356 Roadster whose owner says the company had no right to sell. The person who bought that Porsche paid CPR Classic $160,000 and claims they never got the vehicle or a refund. So we made a trip to her business in Fallbrook. We found notices on the door of their restoration shop, showing they had been evicted. We also went to the sales shop but no one answered the door. We decided to call one more time before we left. She answered.

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

LAPD union leader faces complaints that his security company hires and underpays problem copsJamie McBride, director of the union for most rank-and-file Los Angeles Police Department officers, faces multiple internal investigations related to his company, Watermark Security.
Source: latimes - 🏆 11. / 82 Read more »

Japanese company vows U.S. Steel would be American-run as election-year takeover faces mounting oppositionThe pledge by Nippon Steel, Japan’s largest steelmaker, comes after Vice President Kamala Harris said the U.S. company “should remain American-owned.”
Source: CNBC - 🏆 12. / 72 Read more »

7-Eleven’s parent company rejects $38.6 billion takeover bid, says offer ‘grossly undervalues’ companySeven & i Holdings has rejected a takeover offer from Canadian convenience store operator Alimentation Couche-Tard, saying it “is not in the best interest” of its shareholders and stakeholders.
Source: NBCNewsHealth - 🏆 707. / 51 Read more »

7-Eleven's parent company rejects takeover proposal, says offer ‘grossly undervalues' companyEven if the offer was raised “very significantly,” Seven & i said the bid does not consider the “multiple and significant…
Source: NBCNewYork - 🏆 270. / 63 Read more »

What is Temu, the company made famous in Super Bowl ads?The company offers low-priced products but faces customer complaints.
Source: ABC - 🏆 471. / 51 Read more »