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Ed Wallace

How many cars were sold?

Two lawsuits filed by a Chicago area new car dealer, according to the business media, caused Fiat Chrysler’s stock to shed over a billion dollars’ worth of market capitalization. Those articles report that this civil racketeering suit —which claims that Chrysler is paying certain dealers big bucks to falsify their reported monthly sales to the manufacturer — suggests that FCA’s multiyear run of improved new vehicle sales is more like accounting fraud.

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