Local dealership's expansion halted - WTVM.com-Columbus, GA News Weather & Sports

Local dealership's expansion halted

by Web Staff - email | Twitter

COLUMBUS, GA (WTVM) - Despite federal bailouts and signs the national recession is lifting, the brakes have been put on Rob Doll's plan to expand his dealership locations.

"It has been a very gruesome year," said Rob Doll when he commented on the state of the auto industry back in May. The same day GM announced it was cutting some 1100 dealers.
"Six months, we're gonna be fine, if we can just make it six months," remarked Doll.

It seems time has run out for Doll's new dealership. The property at 1725 Whittlesey Road is listed in the current legal section of the newspaper as a foreclosure.

It states "by virtue of a default in the payment of a Promissory Note in the original principal amount of $9,000,000 from RWD Real Estate, LLC to Nissan Motor Acceptance Corporation, NMAC has declared the amount of said indebtedness due and payable."

The notice goes on to reveal the property will be sold to the highest bidder at the door of the County Courthouse in Muscogee County, Georgia on the first Tuesday in September.

We visited the current location of Rob Doll Nissan on Box Road, but Doll told us he had no comment.

The ConsumerWatch team has obtained a copy of the security deed which provides more details about the deal. It's dated September 15th, 2008 with a maturity date of March 15th 2010. We also talked to a spokesperson from Nissan, who couldn't make a comment, because the issue is currently wrapped up in litigation. But she added NMAC works really hard to find mutually agreeable settlements and sometimes it has to take legal action, when that does not happen.

News Leader 9's ConsumerWatch team is following this story.

Count on us to bring you the latest information as soon as it becomes available.

©2009 WTVM. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

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