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  Topic Review (Newest First)
07-28-2015 10:01 AM
19johned53 I'm not going to "pick sides" on this one.


So much "politics" involved in the government and all their "departments" on how they handle individual cases, and what type of axe, if any, is swung.


That said, there's a ton of "politics" in FCA that lead to this axe getting swung. Sometimes a "Corporate Mindset" gets challenged, and this time it was the government that has questioned this mindset.


Personally, I'm not happy with either side, but each made their own decisions, and now it has to be dealt with.
07-28-2015 09:49 AM
ScottG
Quote:
Originally Posted by pdx.challenger View Post
I'm certain you're not referring to an automotive company & whatever company it was, their financial situation was surely different.



Yes, reports can be presented to appear as desired, especially when seeking a merger. It's not my opinion, nor a secret, that FCA has the lowest profit margin & has been struggling for research & development resources. I encourage you to research the subject.
You have to understand how financial reports are written. They are done by independent accounting firms that are held to tight legal guidelines and they will not write creative reports to hide anything. They rely on their good name for business and after being involved in dozens of them, I can assure you they will not do anything dishonest.
Now a co. like FCA may report nonsense to the media but that's a whole different issue than the CPA's firms reports.
07-28-2015 09:27 AM
pdx.challenger
Quote:
Originally Posted by ScottG View Post
Almost 30 years ago I worked for a co. that recd a $200M fine and it was about 25 cents a share to the stock holders (that's who sill pay this fine). I consider that pennies.
I'm certain you're not referring to an automotive company & whatever company it was, their financial situation was surely different.

Quote:
Originally Posted by ScottG View Post
FCA can easily afford this fine.
As far as not being able to R&D fixes, FCA's financial reports don't suggest they are in that bad of condition.
Yes, reports can be presented to appear as desired, especially when seeking a merger. It's not my opinion, nor a secret, that FCA has the lowest profit margin & has been struggling for research & development resources. I encourage you to research the subject.
07-28-2015 09:25 AM
salvy59 GM issue has fixed all that all ready lol the answer is No!!
07-28-2015 09:21 AM
ScottG
Quote:
Originally Posted by pdx.challenger View Post
1. It's the largest fine is automotive history.

2. It levied against a company that can't afford research & development.

Pennies it's not.
Almost 30 years ago I worked for a co. that recd a $200M fine and it was about 25 cents a share to the stock holders (that's who sill pay this fine). I consider that pennies.

FCA can easily afford this fine.
As far as not being able to R&D fixes, FCA's financial reports don't suggest they are in that bad of condition.
07-28-2015 09:14 AM
Frank Julian If these cars go back before the bankruptcy can't FCA (Fiat) claim they were not part of the company then and that the "New Chrysler" is a different company from the one that did this?
07-28-2015 09:09 AM
pdx.challenger
Quote:
Originally Posted by ScottG View Post
The media keeps referring to the fine as being big - it isn't.
$105M represents only pennies a share and is like one of us getting a $30 parking ticket.
1. It's the largest fine is automotive history.

2. It levied against a company that can't afford research & development.

Pennies it's not.
07-28-2015 09:03 AM
ScottG The media keeps referring to the fine as being big - it isn't.
$105M represents only pennies a share and is like one of us getting a $30 parking ticket.
07-28-2015 07:54 AM
STINGRAY
07-27-2015 08:05 AM
19johned53 Karma can suck!
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