TITLE

Debts, lawsuit cloud Farr's future

AUTHOR(S)
Snavely, Brent; Sedgwick, David
PUB. DATE
April 2002
SOURCE
Automotive News;4/1/2002, Vol. 76 Issue 5977, p1
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
Reports the status of the Mel Farr Automotive Group in the U.S. Number of franchises left; Emergence of the details of the company's decline; Causes for the decline.
ACCESSION #
6560396

 

Related Articles

  • Mel Farr expands holdings. Neely, Anthony // Black Enterprise;Nov93, Vol. 24 Issue 4, p18 

    States that Mel Farr Automotive Group has continued its steady growth with the acquisition of two dealerships. Purchase of Autobahn Motors of Bloomfield Hills, Michigan; Acquisition of Al Bennett Ford of Grand Blanc, Michigan; Creation of Mel Farr Imports; More.

  • Mel Farr appeals Oak Park land ruling. Snavely, Brent // Crain's Detroit Business;7/11/2005, Vol. 21 Issue 28, p21 

    The article reports that former new-car dealer Mel Farr Automotive Group is trying to regain control of property in Oak Park and has taken his case against Ford Motor Credit Co. to the Michigan Court of Appeals. At issue is 11/2 acres at 26520 Greenfield Road that Farr leases to Enterprise...

  • WEEK IN REVIEW.  // Crain's Detroit Business;1/21/2002, Vol. 18 Issue 3, p23 

    Reports developments related to business in Michigan as of January 2002. Increase in the revenue of several casinos in Detroit; Closure of the dealership of Mel Farr Automotive Group; Approval of the Detroit City Council on the sale of Detroit House of Corrections property.

  • Mel Farr empire falls to earth. Snavely, Brent // Crain's Detroit Business;4/1/2002, Vol. 18 Issue 13, p3 

    Reports the problems in the dealership operation of Mel Farr Automotive Group in Detroit, Michigan. Decline of sales in the company; Decrease of corporate bond issues; Strategies of the company in securing the bonds.

  • Farr plans to raise $45M to expand used-car biz. Bridgeforth Jr., Arthur // Crain's Detroit Business;02/15/99, Vol. 15 Issue 7, p3 

    Reports on Detroit, Michigan automobile dealer Mel Farr Sr.'s efforts to raise money to expand his used-car superstore business. Dealership's focus on providing basic transportation and financing to those with credit problems; Financial performance of the Mel Farr Automotive Group in 1998.

  • 1997 entrepreneur of the year winners.  // Crain's Small Business -- Southeast Michigan Edition;Jul97, Vol. 5 Issue 7, pE-3 

    Focuses on Mel Farr Sr., president and chief executive officer of Mel Farr Automotive Group, and one of the winners of the 1997 Entrepreneur of the Year Award. Ownership of nine car dealerships as well as other business interests; Farr's operating strategy; Challenges faced by Farr in his...

  • Sale puts Farr out of new-car business. Snavely, Brent // Crain's Detroit Business;5/12/2003, Vol. 19 Issue 19, p6 

    Mel Farr, holder of the largest African-American-owned car dealership group in the U.S. Mel Farr Automotive Group has sold his two car franchises to Sterling Motors LLC, a company owned by Jerome-Duncan Holdings. Franchises have been renamed Sterling Hyundai and Sterling Kia. The terms of the...

  • Farr auto group is largest black-owned firm in U.S. Sawyers, Arlena // Automotive News;5/17/1999, Vol. 73 Issue 5819, p6 

    Features the Mel Farr Automotive Group of Oak Park, Michigan, the largest black-owned new-car dealership chain and business enterprise in the United States. Gross sales in 1998; Plan to open used-car operations in selected cities.

  • Dealer ads motor from WXYZ-TV. Trigoboff, Dan // Broadcasting & Cable;06/07/99, Vol. 129 Issue 24, p27 

    Reports that Detroit, Michigan-based car dealership Mel Farr Automotive's withdrawal of its advertisements from area-based television station WXYZ-TV. Station's broadcast of a story by reporter Shellee Smith focusing on the car dealership's marketing practices as the reason for the pullout of...

Share

Read the Article

Courtesy of THE LIBRARY OF VIRGINIA

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics