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Discussion in 'Cars and Transportation' started by HookBill, Jul 19, 2016.
Fiat Chrysler under federal scrutiny after dealership lawsuit - Roadshow
Why is this an issue for the Dept. of Justice? Seems like it's a private legal matter between the manufacturer and it's dealers.
The dealers are alleging that Chrysler-Fiat inflated sales numbers in an effort to look more profitable. Since it is a publicly traded company, any type of fraud like this falls under the jurisdiction of the SEC, DOJ, and FBI for various different reasons.
Fiat Chrysler sources allegedly uncover inflated sales reporting - Roadshow
That would help explain why FCA showed a positive y-o-y growth earlier this year when everyone was down (except Tesla and a few others, sorry can't find the chart anymore). Detroit newspaper attributed it to their Jeep sales which made sense, but this brings it into question. We shall see.