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CMC MOTORS Boardroom Wars
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hisah
#281 Posted : Friday, February 01, 2013 7:11:26 AM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
http://www.businessdaily.../-/s8dhk9z/-/index.html

New CMC external auditor (Ernst & Young) raises queries over accounts. Deloitte quit in early 2012 & the new auditor came in several months later. CMC recently reported profits for 2012...

This will be one long murky saga. Will the former auditor be thrown under the bus as the drama becomes to hot to handle 'Enron style'?
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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dunkang
#282 Posted : Friday, February 01, 2013 8:49:58 AM
Rank: Elder

Joined: 6/2/2011
Posts: 4,824
Location: -1.2107, 36.8831
If memory serves me right, CMC won't be selling JLR products starting this month.

Question. What will CMC be selling to maintain thing 'profit'?
Question. Was 'profits' announced attributable to sale of cars, or selling of unknown subsidiaries, or recovery of hidden money, or all of the above?
Receive with simplicity everything that happens to you.” ― Rashi

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FUNKY
#283 Posted : Friday, February 01, 2013 12:15:30 PM
Rank: Veteran

Joined: 4/30/2010
Posts: 1,635
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maka
#284 Posted : Friday, February 01, 2013 1:57:43 PM
Rank: Elder

Joined: 4/22/2010
Posts: 11,522
Location: Nairobi
[quote=FUNKY]More competition for CMC

http://www.businessdaily...-/11fj1mrz/-/index.html[/quote]
... is this the sudden death of CMC.
possunt quia posse videntur
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youcan'tstopusnow
#285 Posted : Thursday, February 07, 2013 9:47:09 PM
Rank: Chief

Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
KTN says Bill Lay has retired. Gone on leave pending retirement
GOD BLESS YOUR LIFE
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muganda
#286 Posted : Thursday, February 07, 2013 10:00:06 PM
Rank: Elder

Joined: 9/15/2006
Posts: 3,907


Goshh...! There is a very profound lesson here. It does not come to me just now; the battle has claimed a key protagonist.
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hisah
#287 Posted : Friday, February 08, 2013 4:09:51 AM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
This thing stinks. Radio active with a long half life to boot!
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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murchr
#288 Posted : Friday, February 08, 2013 4:21:34 AM
Rank: Elder

Joined: 2/26/2012
Posts: 15,980
muganda wrote:


Goshh...! There is a very profound lesson here. It does not come to me just now; the battle has claimed a key protagonist.



When they started loosing out franchises...the heavyweights had to sit and decide...what brings them together and what drives them apart...well, its now obvious
"There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
.
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FUNKY
#289 Posted : Friday, February 08, 2013 8:27:29 AM
Rank: Veteran

Joined: 4/30/2010
Posts: 1,635
http://www.businessdaily...2/-/ym0r3m/-/index.html

It must have been a condition from JLR if they wanted to save their landrover dealership
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madollar
#290 Posted : Friday, February 08, 2013 9:52:41 AM
Rank: Veteran

Joined: 11/17/2009
Posts: 2,040
Location: GA
FUNKY wrote:
http://www.businessdailyafrica.com/Corporate-News/-/539550/1688212/-/ym0r3m/-/index.html

It must have been a condition from JLR if they wanted to save their landrover dealership

Every business has its secrets look at RMS bet the ordinary mwananchi never knew they were operating on illegal frequencies.Bill just could not shut it
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