First and the last time! If FCA is cooking the books then whoever is involved needs to be fired. But since nothing ever happens to the big boys and girls at the top (think GM and ignition switch here) it is all a big joke.
Now on to this.
From the DFP "The automaker stressed that its quarterly revenue figures have been accurately reported and unrelated to the way sales figures were being calculated and reported.
After reviewing its sales reporting practices, FCA said it realized that it was possible for dealers to report sales one month and then "unwind" some transactions recorded in its system and return vehicles to the dealer's unsold inventory."
"ronically, FCA now says its internal review discovered that it under-reported sales by nearly 19,000 cars and trucks since 2011. As a result of the changes, FCA's annual sales totals increased in three of the past six years by as many as 14,996 cars and trucks and decreased the other three years by as many as 8,991 vehicles, according to a sales chart the company released Tuesday."
"The sales increase streak is meaningless, but it makes a headline and it’s nice for the company to tout itself,” said Peter Henning, a Wayne State University law professor and a former SEC investigator"
So until the final report comes out the normal FCA haters are going to talk smack.
Don
