Auto dealers are required to follow strict norms laid by the government for running their businesses. But, most of the time, they do not follow prescribed rules as they have tendency of making undue profits. Fraudulent Dealers Sell Old Cars As New Cars Unscrupulous dealers dupe customers in number of ways. They sell old cars as new ones. In such cases, they charge more money from buyers as they have to pay price for a new car.
There are roughly two deaths every thirty-three minutes because of a drunk driving accident. Every 90 seconds, someone is injured because of this entirely preventable crime (MADD, par. 2). Drunk driving is the United State’s number one highway safety concern (MADD, par. 2).
According to Center for Disease Control and Prevention, in 2015, 10,265 people died in alcohol-impaired driving crashes, accounting for nearly one-third (29%) of all traffic-related deaths in the United States. The cause of drunk driving is alcohol; however, it would be difficult to get people to stop selling alcohol. Alcohol is a big money maker for stores and alcoholic beverage companies. According to MADD, 57% of fatally injured drivers had alcohol and/or other drugs in their system — 17% were caused by both. Some effects of drunk driving are; car crashes, severe injuries, fatal accidents, and more.
On June 11, 1992 The California Department of Consumer Affairs charged seventy-two of Sears, Roebuck’s auto repair centers with defrauding customers by performing unnecessary service and repairs (Fisher, 1992). The Department’s Automotive Repair division charged Sears repair centers with fraud, false advertising, failure to clearly state parts and labor on invoices along with making false and misleading statements a (Fisher, 1992). This case is unique because, it was the first time The Consumer Department of Affairs had targeted the statewide operations of a company (Gellene, 1992). This paper will discuss the events that led up to over forty states seeking the revocation of licenses held by Sears auto centers, along with the types of fraud committed. In February of 1990 The California Department of Consumer Affairs conducted an 18-month undercover investigation into auto repairs performed at thirty-eight Sears’ automotive centers.
Shoplifting affects both large and small businesses alike. It is estimated that the losses due to shoplifting exceed $40 billion in the United States alone. The U.S. National Crime Prevention Council says that almost a third of all businesses in the United States are forced to close because of theft. Another group that is hit hard by the effects of shoplifting is the consumers. Prices are raised to try to counteract the losses from shoplifting.
Based on their research, Toyota has recalled over ten million cars over issues with brakes, accelerator pedals and floor mats. In addition, Toyota has intentionally concealed information about the defective cars, according to Attorney General Eric Holder. “This has been the largest criminal penalty yet imposed on a carmaker in the US” states Attorney General Eric Holder. This brings up the question, why did Toyota purposefully manufacture malfunctioning cars?
The first company he had was first named Cadillac Motor Company then changed into the Ford Motor Company when they went bankrupt once, which was established in August 22, 1902. He went into this company with twenty-eight thousand dollars and eleven men. This company only made around five cars a day. The only way that they made cars was that they would group three guys on one car. During this time, the Great Depression was going on which made one of the toughest times to sell cars.
VW recalled millions of cars around Europe, United States, and the rest of the world. Setting aside 7.5 billion dollars to fix this issue, but the EPA is also charging the company around 38,000 per car that breached the rules. Taking the max penalty to around 18 billion dollars. Christian Klingler was removed from his positon on the management board. Martin Winterkorn the CEO, left his position and was taken over by Matthias Mueller.
Hate it as we may, traffic has become an everyday annoyance in our modern lives. According to the Texas Transportation Institute, traffic jams cost U.S. travelers 87.2 billion US dollars in 2007. That number reduces to a whopping seven hundred fifty dollars per US motorist in one year’s time (Economic Factors). As we are all far too aware of, traffic costs not only money, but time as well. All of those hours spent cursing the traffic gods add up to nearly one full week of wasted time per driver each year (Economic Factors).
Revenue Management Saves National Car Rental by M.K Geraghty and Ernest Johnson In the January/February 1997 issue of INTERFACES magazine, M.K. Geraghty and Ernest Johnson were presented as finalists of the Franz A. Edelman award for their presentation on a state-of-the-art Revenue Management System that would turn a huge money losing rental car company, National Rental Car, into a profitable business within two years. In 1993, General Motors took a $744 million dollar charge against earnings related to its ownership of National Car Rental Systems. National was facing liquidation and a layoff of more than 7,500 people unless it could post a profit in the near term and prove that the car rental business was worth saving. Before National began using the Revenue Management System, it faced the same issues as its competitors.