Home » Controversial Topics » Current Issues » Cars costing too much

Cars costing too much

September 26th, 2013 at 2:12:40 PM permalink

Member since: Oct 24, 2012
Threads: 217
Posts: 22938

Quote:
Company executives met face to face in the United States and Japan – and talked on the phone – to reach collusive agreements to rig bids, fix prices and allocate the supply of auto parts sold to U.S. car companies. In order to keep their illegal conduct secret, they used code names and met in remote locations. Then they followed up with each other regularly to make sure the collusive agreements were being adhered to."

In addition to the U.S. Justice Department and FBI, foreign agencies involved include he Japan Fair Trade Commission, the European Commission, the Canadian Competition Bureau, the Korean Fair Trade Commission, the Mexican Federal Economic Competition Commission and the Australian Competition and Consumer Commission.

http://www.usatoday.com/story/money/cars/2013/09/26/auto-parts-cheat-price-fixing-guilty-global-fbi/2876449/

Well, I've bitched before about replacement parts costing 3 times as much, but this is also new cars.

"Trumpsplain (def.) explaining absolute nonsense said by TRUMP.

September 26th, 2013 at 4:30:10 PM permalink
s2dbaker Member since: Oct 24, 2012 Threads: 13 Posts: 241	These shenanigans allow someone like Tesla to come along and snatch away market share.

September 26th, 2013 at 4:35:42 PM permalink
AZDuffman Member since: Oct 24, 2012 Threads: 137 Posts: 21195	Quote: s2dbaker These shenanigans allow someone like Tesla to come along and snatch away market share. Tesla will never be anything more than a small, specialty player. War is peace. Freedom is slavery. Ignorance is strength

September 26th, 2013 at 8:47:13 PM permalink
Pacomartin Member since: Oct 24, 2012 Threads: 1068 Posts: 12569	Quote: AZDuffman Tesla will never be anything more than a small, specialty player. I'm sure the profit on a single $100K Tesla is higher than dozens of Toyotas.

September 27th, 2013 at 3:34:11 AM permalink
AZDuffman Member since: Oct 24, 2012 Threads: 137 Posts: 21195	Quote: Pacomartin I'm sure the profit on a single $100K Tesla is higher than dozens of Toyotas. At most I would say it is similar to 5-10. And there will be many more regular cars sold than $100K ones. Tesla is not the most shorted stock out there for no reason. War is peace. Freedom is slavery. Ignorance is strength

September 27th, 2013 at 3:41:25 AM permalink
s2dbaker Member since: Oct 24, 2012 Threads: 13 Posts: 241	Quote: Pacomartin I'm sure the profit on a single $100K Tesla is higher than dozens of Toyotas. Not yet, but it's getting there (especially on the Camry). The Model X appears to be a pre-order success. The Model E is going to be my first Tesla.