10 Companies 15 Execs = Price Fixing

05stram · 07-18-2013, 07:54 PM

so far what has been caught

http://www.detroitnews.com/article/2...rigging-scheme

cvp33 · 07-18-2013, 08:07 PM

Wow. First plasma TV's and now this? Next you're going to tell me that the banks rigged the libor rates. Whoops, wait, too late.

OmniCamaro · 07-18-2013, 08:43 PM

Ridiculous! Too bad the people that bought those cars probably won't see a penny.

trademaster · 07-19-2013, 04:14 AM

Great, should do wonders for Detroit which is about to file bankruptcy. Here we go again.

102SS · 07-19-2013, 04:45 AM

Quote:

Originally Posted by trademaster

Great, should do wonders for Detroit which is about to file bankruptcy. Here we go again.

This looks to be mostly Japanese companies.

05stram · 07-19-2013, 10:19 AM

Quote:

Originally Posted by 102SS

This looks to be mostly Japanese companies.

From what I gather it has affected all the automobile and supplier networks.
This is not the first story on this but what made this news was the fact of how easily they are now rolling over and admitting they done it and are willing to accept jail time. From what I believe is going to be revealed is that these guys are going to be part of a larger operation that exposes the total package as price fixed.

102SS · 07-19-2013, 05:31 PM

Quote:

Originally Posted by 05stram

From what I gather it has affected all the automobile and supplier networks.
This is not the first story on this but what made this news was the fact of how easily they are now rolling over and admitting they done it and are willing to accept jail time. From what I believe is going to be revealed is that these guys are going to be part of a larger operation that exposes the total package as price fixed.

Corruption in the western world how decadent

fielderLS3 · 07-19-2013, 05:57 PM

Interesting. Is that why a Chevy Cruze now costs more than an Impala did just 5 years ago?

BigRedMikeLV · 07-20-2013, 04:32 PM

Quote:

Originally Posted by fielderLS3

Interesting. Is that why a Chevy Cruze now costs more than an Impala did just 5 years ago?

I have to ask what crack your smoking for that to be true? 2009 Impalas started at 24k (http://buyersguide.caranddriver.com/...t-impala/price)

Cruzes start at 17k.

fielderLS3 · 07-22-2013, 07:16 PM

Quote:

Originally Posted by BigRedMikeLV

I have to ask what crack your smoking for that to be true? 2009 Impalas started at 24k (http://buyersguide.caranddriver.com/...t-impala/price)

Cruzes start at 17k.

But you could actually buy the Impala for about 19-20k, and to get cruise control, an automatic, and the same level of interior amenities as a base Impala in a Cruze, you end up very near that, for a car with half the power and two size classes down.

BigRedMikeLV · 07-24-2013, 10:09 PM

Quote:

Originally Posted by fielderLS3

But you could actually buy the Impala for about 19-20k, and to get cruise control, an automatic, and the same level of interior amenities as a base Impala in a Cruze, you end up very near that, for a car with half the power and two size classes down.

Except your argument is still bollocks as it is stated quite clearly in my link BASE PRICE: $24,615 - $30,455 That means without options. So no, you could not get a new Impala for 19-20k.

If you are talking about buying used or negotiating prices your argument is still moot.

07-18-2013, 07:54 PM	#1
05stram Drives: 2013 RS - 2013 2SS/RS - 1971 RS Join Date: Sep 2012 Location: West Virginia Posts: 1,027	10 Companies 15 Execs = Price Fixing so far what has been caught http://www.detroitnews.com/article/2...rigging-scheme

07-18-2013, 08:07 PM	#2
cvp33 America FVCK Yeah! Drives: 2024 Z06 Join Date: Mar 2013 Location: Salisbury, NC Posts: 1,405	Wow. First plasma TV's and now this? Next you're going to tell me that the banks rigged the libor rates. Whoops, wait, too late. __________________ 1997 Z28 Anniversary Edition *SOLD* 2004 GTO *ORDER CANCELLED* 2004 CTS-V *SOLD* 2005 CTS-V *SOLD* 2006 300C SRT-8 *SOLD* 2006 300C SRT-8 *SOLD* 2010 CTS-V *SOLD* 2012 CTS-V coupe *SOLD* 2013 ZL1 vert *SOLD* 2016 Callaway Z06 *SOLD* 2019 Z06 *SOLD* 2021 ZL1 1LE *SOLD*

07-18-2013, 08:43 PM	#3
OmniCamaro US Veteran Drives: 2011 Silver Ice Metallic 2SS/RS A6 Join Date: Jan 2011 Location: Bossier City, La Posts: 1,407	Ridiculous! Too bad the people that bought those cars probably won't see a penny. __________________ *Dear Lord, give me the strength to carry on despite my Camaro addiction!* JRE iTSX tune, full cat-less Dynatech exhaust, CAI intake, Stillen Slotted/Drilled Rotors, RB braided brake lines, BMR lowering springs, (reserved for definite future MODS)

07-19-2013, 05:57 PM	#8
fielderLS3 Drives: 2016 Mazda6, 2011 Mustang 5.0 Join Date: Mar 2010 Location: Portage, Wisconsin Posts: 4,049	Interesting. Is that why a Chevy Cruze now costs more than an Impala did just 5 years ago? __________________ 2022 1SS 1LE (Arrived 4/29/22) "The car is the closest thing we will ever create to something that is alive." . 2022 1SS 1LE (Coming Soon)

07-19-2013, 04:14 AM	#4
trademaster Drives: 12 MP4-12C, 16 Quattroporte Join Date: Mar 2012 Location: Working Posts: 707	Great, should do wonders for Detroit which is about to file bankruptcy. Here we go again.