FCA Fraud investigation.

[Rent Free]

Fiat Chrysler Under Investigation For Fraud: Reports

If this all seems a bit much over some measly sales figures, it’s actually bigger than you think. FCA is a publicly traded company, and investors make decisions to pour millions into it – or pull their dollars out – based on the company’s reported performance. If it turns out the company actually was goosing its numbers, it could mean that people were essentially tricked into putting their money into a company based on fake numbers.

Hmmm anything to do with why hellpigs were priced so far over msrp at first?

demand shortage drives prices up obviously i get that but a demand shortage would be even more exaggerated if a number of vehicles never existed in the first place to inflate sales numbers.

Click to read more...

 

[Eagle]

This isn't good news for FCA. Let's hope the feds don't bury them for it. We cannot afford another major manufacturing loss in this country.

 

[Chet Donnelly]

I wrote off Chrysler (along with GM) when they took the bailout money back in 2008. Screw them!

 

[Rent Free]

If its true even in the slightest sense of the word here i vote staple them to the cross.

i mean WE as in the american tax payers bailed them out what less than a decade ago and now they are scamming the investors and stock share holders?

Smells like VW type dieselgate again......

 

[Rent Free]

I wrote off Chrysler (along with GM) when they took the bailout money back in 2008. Screw them!

got 2 of dem in the garage now!

 

[Chet Donnelly]

This isn't good news for FCA. Let's hope the feds don't bury them for it. We cannot afford another major manufacturing loss in this country.

They have to get buried if they actually scammed investors. Even worse than a manufacturing loss, is loss of trust in American financial markets.

 

[Rent Free]

well wait just a minute hasnt the nutjob in charge of FCA been begging GM to take over or merge with FCA?

well now it seems an little more likely just not how he imagined.

hostile take over anyone?

 

[Rent Free]

i wish i could just look in my bank account and be like 1, 2, 3.........37 paychecks....

ring ring hey bank listen here i got paid 37 times this month why dont you multiply my account balance a few times for me.......

 

[Eagle]

If its true even in the slightest sense of the word here i vote staple them to the cross.

i mean WE as in the american tax payers bailed them out what less than a decade ago and now they are scamming the investors and stock share holders?

Smells like VW type dieselgate again......

I can't wait to get my check

 

[Eagle]

They have to get buried if they actually scammed investors. Even worse than a manufacturing loss, is loss of trust in American financial markets.

I don't disagree with you on the latter point, but its still going to cost jobs. Doubt there's much meat left on that bone to take over this, so it'll mean the end of them if the DOJ goes after them hard.

 

[dun4791]

I wrote off Chrysler (along with GM) when they took the bailout money back in 2008. Screw them!

This is dumb! The only reason Ford didnt need as much money to get them through was because they were in worse shape earlier on, and mortgaged the blue oval to the hilt to get loans right before the crash. There was no forward thinking. Mullaly needed the money, quick.

 

[dun4791]

got 2 of dem in the garage now!

I currently own 7 vehicles, and not one of them is a Ford. I work for Ford.

 

[dun4791]

They have to get buried if they actually scammed investors. Even worse than a manufacturing loss, is loss of trust in American financial markets.

Not an American company though. But agree.

 

[dun4791]

well wait just a minute hasnt the nutjob in charge of FCA been begging GM to take over or merge with FCA?

well now it seems an little more likely just not how he imagined.

hostile take over anyone?

I have said before fca is like a 35+ year old single woman trying for any man, it doesnt matter to them.

 

[Turbocharged400sbc]

Fix It Again Tony

 

[jason05gt]

This is dumb! The only reason Ford didnt need as much money to get them through was because they were in worse shape earlier on, and mortgaged the blue oval to the hilt to get loans right before the crash. There was no forward thinking. Mullaly needed the money, quick.

Ford wasn't in worse shape in my opinion. Ford's management had brands that were worth selling and the foresight to put together a solid turnaround plan. Banks aren't going to loan you money just because of the Ford name.

http://www.nytimes.com/2009/04/09/business/09ford.html?_r=0

Fiat Chrysler is still in trouble even after the Government bailout. Marchionne's plan for the US hasn't done much good for the financial health of the company.

 

[dun4791]

Ford wasn't in worse shape in my opinion. Ford's management had brands that were worth selling and the foresight to put together a solid turnaround plan. Banks aren't going to loan you money just because of the Ford name.

http://www.nytimes.com/2009/04/09/business/09ford.html?_r=0

Fiat Chrysler is still in trouble even after the Government bailout. Marchionne's plan for the US hasn't done much good for the financial health of the company.

It was all part of the "way forward" plan when they took the loans. They werent doing very well. We went from 4K people to 1K at our plant alone. They were dark timnes.

 

[Chet Donnelly]

This is dumb! The only reason Ford didnt need as much money to get them through was because they were in worse shape earlier on, and mortgaged the blue oval to the hilt to get loans right before the crash. There was no forward thinking. Mullaly needed the money, quick.

So be it...but that's the American way, and its the same way that you or I would have to get money if we F'ed up big time. We'd have to offer some collateral to get a loan from a bank.

GM and Chrysler just robbed the tax payers. If they didn't have collateral to get a bank loan, they should have folded....

 

[Eagle]

I currently own 7 vehicles, and not one of them is a Ford. I work for Ford.

Yeah, what's with that anyway? Ford has some good shit out!

 

[blck10th]

I don't disagree with you on the latter point, but its still going to cost jobs. Doubt there's much meat left on that bone to take over this, so it'll mean the end of them if the DOJ goes after them hard.

We will have another large recession. We make tons of Chrysler trans parts. Like so many we were behind and it almost cost BW 2 mil in shutting them down.

 

[dun4791]

Yeah, what's with that anyway? Ford has some good shit out!

Only vehicle ford has that I would be interested in is gt350, and ford doesn't give employee pricing on that model..let alone letting me test drive one lol.....so... I'm ordering an srt challenger when order banks open for the 2017. Time for a new daily driver.

Ford doesn't care,i know that.

When comparison shopping,I feel there are better choices from other manufacturers in every segment.

I do like the sho, however.......overpriced.

Oh and that gt , but.......

 

[dun4791]

So be it...but that's the American way, and its the same way that you or I would have to get money if we F'ed up big time. We'd have to offer some collateral to get a loan from a bank.

GM and Chrysler just robbed the tax payers. If they didn't have collateral to get a bank loan, they should have folded....

Yeah, you're right. Might as well get rid of what's left of the manufacturing base in this country.

 

[Chet Donnelly]

Yeah, you're right. Might as well get rid of what's left of the manufacturing base in this country.

How would the manufacturing base have left? Overall demand for cars would not have changed. Ford, Honda, Toyota, etc. would have had to increase supply to meet demand. I doubt any of the remaining large automakers would have been able to meet that demand without growing their manufacturing operations. I'm sure a large majority of newly unemployed auto workers would be absorbed by these manufacturers, and the free market would continue on...

 

[Eagle]

I wonder if there will ever be a time again when the country needs manufacturing power like it has in the past in order to remain at the top of the pile.

Makes you wonder when you see military at the lowest levels in forever AND manufacturing capability and investments dwindling... what are the long term implications of these things?

http://www.businessinsider.com/these-are-the-worlds-20-strongest-militaries-ranked-2015-9

 

[dun4791]

How would the manufacturing base have left? Overall demand for cars would not have changed. Ford, Honda, Toyota, etc. would have had to increase supply to meet demand. I doubt any of the remaining large automakers would have been able to meet that demand without growing their manufacturing operations. I'm sure a large majority of newly unemployed auto workers would be absorbed by these manufacturers, and the free market would continue on...

Gm and chy had the same collateral. The banks wouldn't loan. Ford got lucky.

Government should have tried it your way I guess. Maybe things would be better now.