Cena paid just north of $466,000 for a liquid blue coupe with "Dark Energy" interior and then sold it for a profit less than a month later breaking a clause in the contract with Ford that required him to own the auto for at least two years.
However, by selling the 482kW supercar less than a month after taking delivery, the wrestler lost Ford nearly "two years of ambassadorship and brand value", claims the automaker.
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BidaskClub downgraded shares of Coca Cola Femsa from a "buy" rating to a "hold" rating in a report on Thursday, August 10th. Sun Life Fin Inc reported 32,671 shares or 0.16% of all its holdings. (NYSE:DST). 4,768 are owned by Cibc Asset Mngmt.
However, Ford claims, soon after receiving the vehicle, Cena flipped it for a big profit.
Ford wants restitution for that profit, for "damages and losses, including, but not limited to, loss of brand value, ambassador activity, and customer goodwill due to the improper sale", and for attorney and court costs.
Cena responded to the allegations by stating, "I completely understand and as stated am willing to work with you and Ford to make it right". WXYZ, however, has a copy of the lawsuit, which suggests he's actually not being very cooperative.
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Mr Anderson QC said different decisions might have been taken, but it was unknowable whether Abedi would then have been stopped. The review was set up by the government following this year's terror attacked that took place in Manchester and in London.
Of course, the big question people probably have now is, why did he sell it? The report says he sold the auto for cash to pay expenses, but wouldn't it make more sense to sell other expensive cars in his notable fleet - ones that he wasn't contractually obligated to keep?
According to the lawsuit, Cena told the company he sold the auto, along with other property, to pay bills. Could he have just been too tempted by an offer he couldn't refuse?
In a lawsuit filed recently, Ford Motor Company alleges Cena broke the contract and flipped his few-weeks old GT - which carries an MSRP north of $450,000 - for a large profit.
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The dividend yield expresses to the investor the amount of return to expect against the amount of capital invested in the stock. Credit Suisse Group restated a "buy" rating on shares of Cisco Systems in a research report on Thursday, August 10th.