FARMINGTON HILLS, MI ? The auto financing arm of DaimlerChrysler AG has agreed to settle two lawsuits in Texas that accuse the company of discriminating against Hispanic and black loan applicants.
James Ryan, a spokesman for Farmington Hills-based DaimlerChrysler Services North America LLC, told the Detroit Free Press for a Saturday story that the terms of the deals were not finalized and would not be disclosed.
The lawsuits filed in 2003 against DaimlerChrysler by Perez and his customers accused the company of tampering with a computer program that was supposed to automatically and objectively evaluate car loan applications, making it harder to get loans at Perez’s now-defunct dealership in Galveston, Texas.
For this complete story, please visit DaimlerChrysler’s Auto Financing Arm Agrees to Settle Two Lawsuits.
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