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GM Suing FCA Over Bribery Scheme
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Thread: GM Suing FCA Over Bribery Scheme

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    GM Suing FCA Over Bribery Scheme

    Looks like Sergio may have been involved. Imagine that; and Italian company conducting mob-style business tactics:

    https://www.nytimes.com/2019/11/20/b...r-lawsuit.html

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    That is rich... GM suing FCA for the same practices that made them successful for decades.

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    Senior Member smark's Avatar
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    According to that you tube video. That GM lawsuit could put FCA, into the grave. The new merger would be hindered too. Life of the car business.

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    Senior Member mp4guy's Avatar
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    Quote Originally Posted by smark View Post
    According to that you tube video. That GM lawsuit could put FCA, into the grave. The new merger would be hindered too. Life of the car business.
    I don't think the French will allow that to happen. As it is the UAW is so corrupt, with several of their leaders either convicted or behind bars, I think it will affect them more.

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    Quote Originally Posted by KellyfromVA View Post
    Looks like Sergio may have been involved. Imagine that; and Italian company conducting mob-style business tactics:

    https://www.nytimes.com/2019/11/20/b...r-lawsuit.html

    I think we can do without the offensive Italian-stereotyping slur here.
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    ​FCA Press Release:

    FCA: General Motors’ Lawsuit Without Merit
    November 20, 2019 , London - Fiat Chrysler Automobiles (“FCA” NYSE: FCAU /MTA: FCA) confirms that it will defend itself vigorously against the lawsuit filed yesterday by General Motors. FCA believes General Motors’ claims are nothing more than a meritless attempt to divert attention from that company’s own challenges.

    This astonishing ploy comes at a time when FCA is proving itself to be an ever more formidable competitor that continues to create significant value for all its stakeholders through the successful implementation of its long-term strategy. This includes the proposed merger with PSA, which itself completed the successful turnaround of the European businesses it acquired not long ago from General Motors.

    FCA will deal with this extraordinary attempt at distraction through the appropriate channels and will stay focused on continuing to deliver record results while realizing an exciting vision for the future of the industry. FCA is confident that it will prevail in defending itself against these claims in court and will also pursue all available remedies in response to this groundless lawsuit.
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    Especially since Sergio was also Canadian....mostly. Agreed.

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    Quote Originally Posted by Fiat500USA View Post
    I think we can do without the offensive Italian-stereotyping slur here.

    Sorry, my reference wasn't intended to slur Italians, but a reference to the well documented direct-connection between businesses and organized crime for companies based in Italy: https://www.e-education.psu.edu/geog571/node/172
    https://www.ft.com/content/73de228c-...0-5e22a430c1ad

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    Last edited by map; 12-04-2019 at 01:46 PM.

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