Kruse auctions' year-long trek to the abyss continues apace. In 2009, Dean V. Kruse's troubles flared up in Indiana due to mounting lawsuits from consignors who were never paid after their cars were sold, as well as banks that hadn't been paid for credit or loans. A $1.3 million
January 2010 not only kicks off a new year, but also signals the end of the Naughties. The automotive landscape has changed quite a bit since the days of the Y2K scare, but some things remain the same. January still hosts the North American International Auto Show (NAIAS) at Cobo Hall in Detroit, the racing season roars to life with the Frank Filipponio
Kruse International, the four-decade-old, Indiana-based auction house that's moved cars like Chitty Chitty Bang Bang, is having a rough time of it. According to the Journal Gazette, lawsuits and actions have been brought against it by states, buyers and sellers – just about every entity an auction business is involved with. It isn't the first time founder Dean Kruse and his company have been in trouble, and Kruse says it's been worse before.