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CMC Motor in trouble, Again
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youcan'tstopusnow
#31 Posted : Monday, December 10, 2012 1:00:07 PM
Rank: Chief

Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
Don't forget this. Hakuna pamba hapa:
http://www.businessdaily...-/10fskcqz/-/index.html
GOD BLESS YOUR LIFE
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youcan'tstopusnow
#32 Posted : Monday, December 10, 2012 1:02:58 PM
Rank: Chief

Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
Kwanini wrote:
CMC should be made a compulsory case study/ Exam paper for those long legged thigh flashing PR "experts"

GOD BLESS YOUR LIFE
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youcan'tstopusnow
#33 Posted : Monday, December 10, 2012 1:05:40 PM
Rank: Chief

Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
30 percent of sales! That's significant.
I hope hisah's words don't apply here.
hisah wrote:
Approx 95% of serious enterprise corruption cases end up in bankruptcy...

GOD BLESS YOUR LIFE
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  | | Edit by user: Monday, December 10, 2012 1:34 PM | Reason: Not specified
youcan'tstopusnow
#34 Posted : Monday, December 10, 2012 1:32:17 PM
Rank: Chief

Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
And for how long will the CMA ban endure?


GOD BLESS YOUR LIFE
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muganda
#35 Posted : Monday, December 10, 2012 2:07:35 PM
Rank: Elder

Joined: 9/15/2006
Posts: 3,907
There's a chinese proverb that says Great doubts deep wisdom. Small doubts little wisdom. So let me be open to learning...

@VituVingiSana, please shed more light on this version of events:
The agency contract that sparked off CMC board war
youcan'tstopusnow wrote:
Don't forget this. Hakuna pamba hapa:
http://www.businessdaily...-/10fskcqz/-/index.html

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Obi 1 Kanobi
#36 Posted : Monday, December 10, 2012 2:30:21 PM
Rank: Elder

Joined: 7/23/2008
Posts: 3,017
This company is going down. They are best served to try and market the nissan diesel (32 seater matatu) and the Ford & VW franchises more vigourously.
"The purpose of bureaucracy is to compensate for incompetence and lack of discipline." James Collins
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dunkang
#37 Posted : Monday, December 10, 2012 4:56:10 PM
Rank: Elder

Joined: 6/2/2011
Posts: 4,824
Location: -1.2107, 36.8831
Quote:
Motor dealer CMC Holdings has turned to the courts to stop Jaguar Land Rover from terminating its franchise with the troubled car dealer, citing breach of trust and goodwill by its business partner.

South Africa-based Jaguar Land Rover (JLR) threw CMC Motors into a crisis last Thursday with the announcement that it would transfer the rights to exclusively trade in Land Rover Defender, Jaguar and Range Rover brands to rival RMA Group.


http://www.businessdaily...0/-/trjx6pz/-/index.html
Receive with simplicity everything that happens to you.” ― Rashi

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hisah
#38 Posted : Monday, December 10, 2012 6:50:57 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
Court halts Jaguar Land Rover from ending deal - http://www.nation.co.ke/.../-/2cg0m6z/-/index.html

Quote:
“It is hereby ordered that an interim injunction be and is hereby granted restraining the respondent (JLR) either by itself, its agents, assigns, representatives, or otherwise howsoever from interfering with the exclusive distributorship agreement between the applicant (CMC) and the respondent…” read a part of the ruling from the Lady Justice Kamau.

The termination of the distributorship caught CMC’s management off-guard, terming the move ‘mischievous and unprocedural’.


I wonder who is mischievous comparing devils with devils... d'oh!
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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VituVingiSana
#39 Posted : Tuesday, December 11, 2012 2:10:22 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,347
Location: Nairobi
muganda wrote:
There's a chinese proverb that says Great doubts deep wisdom. Small doubts little wisdom. So let me be open to learning...

@VituVingiSana, please shed more light on this version of events:
The agency contract that sparked off CMC board war
youcan'tstopusnow wrote:
Don't forget this. Hakuna pamba hapa:
http://www.businessdaily...-/10fskcqz/-/index.html

I am not familiar with the Pewin deal but it should be part of the investigation. If there is fraud surrounding it then Bill Lay [or any other folks in chaoots] should be fired AND prosecuted.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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FUNKY
#40 Posted : Wednesday, December 19, 2012 10:46:31 AM
Rank: Veteran

Joined: 4/30/2010
Posts: 1,635
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