GLG News Analyses of the following article:

Chrysler Sues Johnson Controls For $15M In Overcharges

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Published at: online.wsj.com

Jack Lifton, Co-founder and Director

Jack LiftonCo-founder and DirectorTechnology Metals Research, LLC What is a GLG Leader?|The Gerson Lehrman Group&reg; (GLG) Leader Program<sup>SM</sup> is our premium Member Program<sup>SM</sup>. Those identified as GLG Leaders are in the top 5% of GLG CouncilRank and have an exclusivity agreement with GLG.

Have Chrysler's Cereberus Accountants Uncovered Systemic Fraud In The OEM Automotive Supplier Cost-Cutting Agenda, Or Is It Just Hypocrisy They Have "Found"?

August 20, 2008

In just this year Cerberus' accountants may have inadvertently exposed the seamy side of cost cutting in the American OEM automtoive industry: 1. Overcharging by non-competitive politically correct suppliers, 2. Underbidding by suppliers desparate to keep their own factories open, and now 3. Short-weighting of exchange traded commodities. Doesn't this expose the corrupt core of OEM automotive cost accounting in general?

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