By on August 13, 2018

The Reagor Dykes Auto Group was formed in 2006 after Bart Reagor, shown above, teamed up with a business partner to create a company that now eclipses half a billion dollars in annual sales. This is accomplished through a myriad of manufacturer franchises ranging from Ford to Chevy to Toyota, not to mention its dozen or so rooftops dealing solely in used cars.

Now, the company is facing allegations of major financial chicanery. In court documents filed last week, Ford Motor Company accuses Reagor Dykes of running one of the “largest floor-plan financing frauds in the history of the United States.”

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By on January 26, 2017

1994 Ford F-150 XLT Regular Cab, Image: Ford

“You two boys come back now, you hear,” the Waffle House waitress said with a smile, putting one check in front of me and one in front of Rodney. “Especially you, hon,” she stage-whispered in my colleague’s direction. As she walked away, I gave the lady a critical look-over. At least 45 — a solid decade and a half older than Rodney, 20 years older than I was — and something told me if she and I both sat on a teeter-totter, I’d be keeping my head to the sky like Maurice White. One of the moles on her linebacker’s neck had sprouted a neat trifecta of thick, dark hairs. I turned back and put my head in my hands.

“When?” I asked.

“Three nights ago,” Rodney replied, “during her break, in the men’s room. And don’t give me your bullshit,” he preemptively snapped, “that woman is a treasure. Some day you’ll appreciate a little meat on the bone, once you get over being an adolescent who is just older. Or maybe you don’t have the requisite equipment to visit all of the territory, and I truly think that I don’t have to be any more explicit than that in a family restaurant.”

“Close your eyes,” I slowly exhaled, “and tell me her first name.” After affecting a chin-on-knuckles pose oddly and perhaps deliberately reminiscent of an African take on Rodin’s infamous sculpture, Rodney threw up his hands.

“Quiet is kept,” he admitted, “it’s temporarily escaped me for now. But you have bigger problems than whether I can or cannot remember the exact details of my many conquests. Don’t you have that idiot kid coming back in with his father on the XLT regular cab? Uh-huh. I thought so. We need to head back. And since I reminded you of your job, of which no grown man should have to be reminded,” Rodney declaimed, his midnight-blue Ralph Lauren overcoat already in his hand as he headed towards the door, “you can pick up this breakfast for me.”

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By on June 24, 2015

2015 Ford F-150

Financing a Ford and looking to bolster your monthly payments? The automaker has an idea: rent your car to others.

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By on January 12, 2010
On the upswing (courtesy:thestar.blogs.com)

Despite Ford’s surging stock price, new models and rising customer confidence there’s always been that one bone of contention which had divided peoples’ opinion: debt. $35 billion of it. Though they’ve tried to restructure it, selling new shares and raising cash throughout 2009, it’s still a problem. But apparently it’s becoming less of a problem. ABC news report that Fitch Ratings upgraded their assessment of the risk of Ford defaulting on its debt obligations, basing their optimistic view on a better economic environment, the company’s stronger margins, increased market share and cash position. Oh yes, and a small matter of $5.9b in federal DOE retooling loans [full Fitch release here]. Ford’s Credit unit also received a hearty slap on the back from Fitch because of its improving access to capital, as its rating was raised from “CCC” to “B-“. But let’s not get carried away. While this is a positive step in Alan Mulally’s vision of a sustainable Ford, the rating still qualifies Ford debt as non-investment grade.

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