Campbell Points Fingers At Kett, Manley, Marchionne in Defense

The court case against former FCA Australia executive Clyde Campbell is turning into a veritable who’s-who of decision makers at the company, reports The Age.

Campbell, who is charged with misappropriation of $30 million AUD of company funds, claims he had verbal permission from recently departed FCA executive John Kett, current company hotshot Mike Manley, and head of FCA Sergio Marchionne.

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FCA Australia Can't Locate $8M Worth of Loaned Jeeps

Under the leadership of stellar executives Clyde Campbell and Veronica Johns, FCA Australia loaned out “hundreds” of vehicles, all of which the company would like returned.

That’s too bad as FCA doesn’t know exactly where they all are.

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Former FCA Australia Boss Campbell Once Involved In Car Thefts

The Age is reporting former FCA Australia boss, Clyde Campbell, was involved in a car theft ring and brought before the courts in the early ’90s.

According to the report, the former executive currently at the center of a $30 million (AUD) misappropriated funds case was “charged with a number of car theft offences between 1990 and 1992, in the wake of an 18-month investigation by South Australia’s Organised Crime Task Force and Victoria Police,” says Mark Hawthorne of The Age.

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Aus. FCA Misappropriation Case Includes Former MB, Current Crown Resorts Execs

As we reported earlier, Clyde Campbell and a number of his associates, including his successor Veronica Johns and former boss Ernst Lieb by way of his Motorworld dealerships, are being named in a misappropriation case claiming $30 million AUD was funnelled out of company coffers.

This weekend, more details have come to light, including how Campbell was able to pilfer FCA funds without raising red flags in Detroit.

The story verges on conspiracy and includes the wife of Campbell, his successor, a formerly disgraced Daimler executive, a casino, a boat and extravagant homes paid for by FCA without its knowing. Even Campbell’s wife’s hairdresser received a free Jeep as part of the brand’s “ambassador” program.

Mark Hawthorne of The Sydney Morning Herald remarked, “It has all the makings of a Hollywood script. In Elizabeth Hurley, it even has the presence of a Hollywood star.”

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FCA Takes Former Australia Exec. to Court for Misappropriation of $30M

The Chrysler 300, thought by many to be a modern day “gangster” car, has tons of power. But, as they say, absolute power corrupts absolutely, and for former FCA Australia CEO Clyde Campbell, it still may not be enough to escape accusations of misappropriation of funds.

Tomorrow, FCA will take Campbell to federal court in Australia claiming he funneled money to other companies owned by himself, his wife, co-workers, and his successor – Victoria Johns.

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  • Slavuta Inflation creation act... 2 thoughts1, Are you saying Biden admin goes on the Trump's MAGA program?2, Protectionism rephrased: "Act incentivizes automakers to source materials from free-trade-compliant countries and build EVs in North America"Question: can non-free-trade country be a member of WTO?
  • EBFlex China can F right off.
  • MrIcky And tbh, this is why I don't mind a little subsidization of our battery industry. If the American or at least free trade companies don't get some sort of good start, they'll never be able to float long enough to become competitive.
  • SCE to AUX Does the WTO have any teeth? Seems like countries just flail it at each other like a soft rubber stick for internal political purposes.
  • Peter You know we’ve entered the age of self driving vehicles When KIAs go from being stolen to rolling away by themselves.