FCA Investigation Finds Inflated Sales/update page 2

Interesting, I wonder how many of the 6000 were trucks?

Uh oh...Wonder if this could get expensive for FCA real quick.

What difference does it really make accept to share holders of the corporations? :h

3oaks wrote:
What difference does it really make accept to share holders of the corporations? :h

Right, fraud never hurts anyone but shareholders...:h

From innocent employees that lose their jobs to worst case scenarios like Enron.

Not that this is the case here but shareholders are not the only ones to feel the impact of things like this.

mich800 wrote:

From innocent employees that lose their jobs to worst case scenarios like Enron.

I often wonder what distant island W allowed Ken Lay to go live his life out on! His announced death was way to convenient.

Hmmmm........ read the article however how does all this help a member select a proper tow vehicle for his castle on wheels ???

This web needs a forum just for troll threads like this one....JMO !!

Car dealers don't lie, or mislead.

mich800 wrote:

3oaks wrote:
What difference does it really make accept to share holders of the corporations? :h

Right, fraud never hurts anyone but shareholders...:h

From innocent employees that lose their jobs to worst case scenarios like Enron.

Not that this is the case here but shareholders are not the only ones to feel the impact of things like this.

If actual sales were down, employees would be laid off regardless of the fictitious numbers reported. :@

Enron? Completely different scenario. :R

Fraud hurts everyone? It sure does. As we are finding out more every day, thanks to WikiLeaks and/or the Russians, our whole federal election process is a fraud! :E

This hurts you if you have a pension, if you have a child in college or planning on going to college, if you invest in a mutual fund, etc. All those entities invest in companies. If a company's financial and sales data is fraudulent, eventually that information comes home to roost and the value of the company drops, lowering the value of your pension fund, your child's college endowment fund and your mutual fund.
In Fiat's case, it isn't about 6000 sales, it's about trends. If they were claiming 6000 additional retail sales of Fiat cars, they might be attempting to show that Fiat cars are selling MUCH better than they really are. That would be significant. They may also be trying to cheat their fleet MPG ratings by reporting fake sales of high mileage cars. This could have serious legal ramifications for FCA.

The integrity of any company matters, cheaters cheat everyone