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GM Suing FCA Over Bribery Scheme

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  • KellyfromVA
    Senior Member
    • Feb 2016
    • 912

    GM Suing FCA Over Bribery Scheme

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

    The suit claims Fiat Chrysler sought to undermine contract negotiations with the autoworkers union to hurt G.M.
  • smark
    • Apr 2014
    • 4937

    #2

    Comment

    • map
      Moderator
      • Dec 2018
      • 3702

      #3
      That is rich... GM suing FCA for the same practices that made them successful for decades.

      Comment

      • smark
        • Apr 2014
        • 4937

        #4
        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.

        Comment

        • mp4guy
          Senior Member
          • Jun 2014
          • 1095

          #5
          Originally posted by smark
          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.

          Eric Hoffer said it best:

          “Every great cause begins as a movement, becomes a business, and eventually degenerates into a racket.”
          Phase 0, Neu-F Torque Bushing, Neu-F 28mm rear bar, El Gato Braces, Corsa Forza center brace, Front & Rear Koni Yellows, 4C coils, Craven Short Shifter, DeFi Boost Gauge, GFB-DV.

          Abarth & Co. Corse Marche 38/72 Torino Tel. 794.894

          Comment

          • Fiat500USA
            Amministratore
            • Feb 2011
            • 15758

            #6
            Originally posted by KellyfromVA
            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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            #modifiedabarth modifiedabarths.com
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            abarth500forum.com fiat124spiderforum.com fiat500lusaforum.com fiat500xforum.com

            Comment

            • Fiat500USA
              Amministratore
              • Feb 2011
              • 15758

              #7
              ​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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              Comment

              • tvmaster
                • Oct 2018
                • 1730

                #8
                Especially since Sergio was also Canadian....mostly. Agreed.
                2017 500 Abarth, manual trans, NAV, Beats, Sunroof, 17" wheels, everything. But no mods. None, nada.

                Comment

                • KellyfromVA
                  Senior Member
                  • Feb 2016
                  • 912

                  #9
                  Originally posted by Fiat500USA
                  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
                  Italy’s organised crime families have infiltrated the country’s food chain, from field to fork

                  Comment

                  • map
                    Moderator
                    • Dec 2018
                    • 3702

                    #10
                    Then shareholders are suing Fiat executives for losses on the stock market.
                    https://www.detroitnews.com/story/business/autos/chrysler/2019/12/03/shareholders-sue-fiat-chrysler-sergio-marchionne-estate-general-motors-racketeering-case/2596018001/
                    Last edited by map; 12-04-2019, 12:46 PM.

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