Ford seeks $1M in damages and to rescind original GT sale after it was 'flipped'

Ford charges the defendants with flipping a new GT model worth $690,800 and selling it for more than double that price within a few weeks, in violation of the manufacturer’s 24-month prohibition against reselling the vehicle, according to a case in the Ontario Superior Court of Justice.

February 24, 2020 05:00 AM

Ford Motor Co. is suing participants in an alleged civil conspiracy to improperly acquire a custom-built 2018 Ford GT supercar, resell it for a profit and swiftly resell it again for yet another profit, all within a matter of weeks.

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