FCA Investigation Finds Inflated Sales/update page 2

Fordlover wrote:
What, no stab at GM? There's plenty of material ya know.

The amount of recalls they had that one year or 18 month period?
The amount of money in bailout funds that was "forgiven" or paid back with other bailout money?
The amount of brands selling the same exact product with a different name?

BOOM, I'm out...

Turtle n Peeps wrote:

Ductape wrote:

Perrysburg Dodgeboy wrote:
First and the last time!...

I count this as your fifth post on the subject of the accounting irregularities. Is math a problem at FCA?

Sorry that fruit was just hanging low and irresistible. :W

PS. my next truck will probably be a Ram, maybe I can buy a U.S. truck and pay with Canadian $ at 1:1? :B Don't fire those accountants yet.

Math that is irregular in this world:

#1 Hillary's email count that was on a personal server.

#2 A woman's age.

#3 The amount of Ram trucks that has been sold.

#4 Horse power rating of the 6.7 Powerstroke.

#5 Fuel mileage figures.

#6 The length and weight of fish caught.

:B :B :B

What, no stab at GM? There's plenty of material ya know.

Ductape wrote:

Perrysburg Dodgeboy wrote:
First and the last time!...

I count this as your fifth post on the subject of the accounting irregularities. Is math a problem at FCA?

Sorry that fruit was just hanging low and irresistible. :W

PS. my next truck will probably be a Ram, maybe I can buy a U.S. truck and pay with Canadian $ at 1:1? :B Don't fire those accountants yet.

LOL your math is way off but that's ok.

Ductape wrote:

Perrysburg Dodgeboy wrote:
First and the last time!...

I count this as your fifth post on the subject of the accounting irregularities. Is math a problem at FCA?

Sorry that fruit was just hanging low and irresistible. :W

PS. my next truck will probably be a Ram, maybe I can buy a U.S. truck and pay with Canadian $ at 1:1? :B Don't fire those accountants yet.

Math that is irregular in this world:

#1 Hillary's email count that was on a personal server.

#2 A woman's age.

#3 The amount of Ram trucks that has been sold.

#4 Horse power rating of the 6.7 Powerstroke.

#5 Fuel mileage figures.

#6 The length and weight of fish caught.

:B :B :B

Maybe a more honest company will buy out Dodge/Chrysler/Jeep, next time they go up for sale. Shouldn't be too far out, since they change owners fairly often.

Perrysburg Dodgeboy wrote:
First and the last time!...

I count this as your fifth post on the subject of the accounting irregularities. Is math a problem at FCA?

Sorry that fruit was just hanging low and irresistible. :W

PS. my next truck will probably be a Ram, maybe I can buy a U.S. truck and pay with Canadian $ at 1:1? :B Don't fire those accountants yet.

If FCA really meant to game the sales numbers, and accepted the risk of getting caught for only 6000 "additional" sales, then they all deserve to be fired for gross incompetence. Amateurs.

BMW just settled a lawsuit for having dealers buy 104,000 "demo" cars to pump up sales, and then selling them to customers as new without notifying the customer that the warranty began when the dealer bought the car, not when the customer bought the car. THAT'S how you game the system!

BMW Class Action

RamGuy2500 wrote:
This is really a non-story. Everyone needs to stop making ignorant claims about FCA since we don't know the full facts. I love seeing all the Ford and GM people on here claiming moral high ground.

We do know many of the facts. Apparently FCA cared enough about the sales streak to ensure it continued. Below is a change they are making on how they report fleet sales.



Previously the company had a "reserve" stock of cars that had been shipped to big fleet buyers such as rental car companies but not recorded as sales. Managers had the ability to move those sales from one month to the next to make sure the company reported positive sales numbers. "Fleet sales will now be recorded as sales upon shipment by FCA US of the vehicle to the customer," the company statement said.

This is really a non-story. Everyone needs to stop making ignorant claims about FCA since we don't know the full facts. I love seeing all the Ford and GM people on here claiming moral high ground.

Perrysburg Dodgeboy wrote:
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

Don't get upset Don!! If this was a post about Ford you would be all over it like the other FCA guys. If your going to put it out you should be able to take it.:B