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Byline: Bradford Wernle Under new management headed by Fiat, Chrysler Group wants to know how well dealers are taking care of customers. So it is dispatching an audit firm, SGS [...]

With Sarbanes-Oxley forcing auto suppliers into unprecedented accounting analysis, the trick for analysts and investors will be sorting out serious issues and restatements from minor ones. Accountants and financial analysts [...]

Dealers of General Motors Corp's (GM) Cadillac Motor Div are concerned about the ongoing dealer sales audits and are planning to bring up the matter at the National Automobile Dealers Assn convention in New Orleans, LA. Cadillac National Dealer Council Chmn Tom Shirey see the audits as a sign of mistrust of dealers on GM's part. GM corporate audit staff are focusing on tiered incentive programs in 1990 and 1991 wherein dealers received incentive money based on sales. Cadillac dealers may be asked to return the incentive money received if disallowed sales are discovered.

A Virginia used-car dealer has contested the results of an Internal Revenue Service audit. His battle could have significant repercussions for new-and used-car dealers, industry officials claim. The IRS alleges [...]