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Hyundai Fined $17.35 Million For Delayed Recall

Discussion in 'Fred's House of Pancakes' started by Mike500, Aug 8, 2014.

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  1. Mike500

    Mike500 Senior Member

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    #1 Mike500, Aug 8, 2014
  2. bisco

    bisco cookie crumbler

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    ouch, these fines seem to be working, the recalls are coming fast and furious.
     
    #2 bisco, Aug 8, 2014
  3. Mike500

    Mike500 Senior Member

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    Rodney King is rolling over in his grave.

    The Hyundai Excel was his favorite car.

    Can't we all get along?
     
    #3 Mike500, Aug 8, 2014
  4. ny_rob

    ny_rob Senior Member

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    #4 ny_rob, Aug 8, 2014
  5. Mike500

    Mike500 Senior Member

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    Bank of America was actually NOT at fault.

    They acquired Contrywide Mortgage, with all of its responsibilities.

    It was Countrywide that did the "dastardly deeds."
     
    #5 Mike500, Aug 8, 2014
  6. bisco

    bisco cookie crumbler

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    but boa knew that when they took them over. even i knew it, so they had a pretty good reason i imagine.
     
    #6 bisco, Aug 8, 2014
  7. Trollbait

    Trollbait It's a D&D thing

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    That the profits were greater than any fines.
     
    #7 Trollbait, Aug 8, 2014
  8. Troy Heagy

    Troy Heagy Member

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    Just another company that I will add to my boycott list:
    - Hyundai
    - Microsoft (except I need the OS)
    - Apple for hiring Foxconn sweatshops to build their stuff
    - Toyota for voiding warranties on sludged engines (poor customers got screwed)
    - Volkswagen for voiding warranties on exploding fuel pumps (ditto)
     
    #8 Troy Heagy, Aug 8, 2014
  9. SageBrush

    SageBrush Senior Member

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    The government collects the fines. How are the victims compensated ?
     
    #9 SageBrush, Aug 8, 2014
  10. bisco

    bisco cookie crumbler

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    re: hyundai, the lucky ones had their cars fixed before they died.

    re: boa/c-side, goldman sachs was well compensated, the fed took over the debt and the stockholders got the shaft.
     
    #10 bisco, Aug 8, 2014
  11. ny_rob

    ny_rob Senior Member

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    I always make that same comment... with no answer.
    So the Gov gets 17 Billion from BOA... where does that go?
     
    #11 ny_rob, Aug 8, 2014
  12. bisco

    bisco cookie crumbler

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    same rat hole as the other 17 trillion.
     
    #12 bisco, Aug 8, 2014
  13. SageBrush

    SageBrush Senior Member

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    The other issue here is that the regulatory agencies that decide on these fines do not operate under due process of justice like a court. The entire system reeks
     
    #13 SageBrush, Aug 8, 2014
  14. hill

    hill High Fiber Member

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    No GM? - for hiding defects in ignition switches that lead to several deaths/injuries?
    (I'd throw HP in there for buying the compaq PC company ... but that's just me - I got over it.)
     
    #14 hill, Aug 12, 2014
  15. Troy Heagy

    Troy Heagy Member

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    Yes GM too. I made an exception to buy a used Prius, and I will make an exception to buy a GM Volt, but I will not buy any of their other products.
    The money goes into the U.S. treasury which reduces everyone's taxes by a miniscule amount (not immediately but longterm). The people who died or were injured still have the right to pursue monetary compensation in the court system.
     
    #15 Troy Heagy, Aug 13, 2014
  16. SageBrush

    SageBrush Senior Member

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    The money goes into the U.S. treasury which reduces everyone's taxes by a miniscule amount (not immediately but longterm). The people who died or were injured still have the right to pursue monetary compensation in the court system.[/QUOTE]That is a long winded way to say the victims are not compensated by way of punitive fine. The government IMO could not sue in court -- it does not have standing.
     
    #16 SageBrush, Aug 13, 2014
  17. Okinawa

    Okinawa Senior Member

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    Good comment. The politicians no doubt blows it just like with everything else. Just my opinion.
     
    #17 Okinawa, Aug 13, 2014
  18. SageBrush

    SageBrush Senior Member

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    Sounds like you make an exception when a car you want is offered.

    Clearly you are a man of principle, TH
     
    #18 SageBrush, Aug 13, 2014
  19. fuzzy1

    fuzzy1 Senior Member

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    What does it mean when someone boycotting Toyota, buys a Prius?
     
    #19 fuzzy1, Aug 13, 2014
  20. orenji

    orenji Senior Member

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    Prius is a Toyota, last time I checked (n) so why is Prius okay and not a Yaris? Would you buy a Scion or Lexus?

    Volt is a GM, last time I checked (n) so why is a Volt okay and not a Spark? Would you buy a Buick or GMC?
     
    #20 orenji, Aug 13, 2014
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