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Travlingman's avatar
Travlingman
Explorer II
Jul 26, 2016

FCA Investigation Finds Inflated Sales/update page 2

This is a follow up to this thread. FCA said an internal investigation found overstated sales numbers for last year. Looks like they found 5000 to 6000 more vehicles reported sold than they actual...
Tow Vehicles
Huntindog's avatar
Huntindog
Explorer
Jul 26, 2016
Perrysburg Dodgeboy wrote:
mich800 wrote:

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.


The shareholders won't get hurt as dealer sales have nothing to do with them. Factory sales to dealers not the end consumer are what they care about.

Don


Wrong.

Investment managers use many sources of info to evaluate a stocks future potential. Youncan bet your socks that they are aware of Both sales to dealers, AND retail sales reports.
If those reports are untruthful, then they cannot make prudent investment decisions for their clients, IE: pension funds, mutual funds, etc.

So fake reports hurt a lot more people than just the shareholders.... And why should it be acceptable to lie to the shareholders anyways?

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