A supplier's odyssey: To return $4M to GM

roteague · 03-31-2006, 12:16 PM

"Billing-entry mistake on GM's end resulted in J.R. Industries receiving $1,988 -- 1,988 times.

Jack Paulus of J.R. Industries didn't have to read General Motors Corp.'s 10-K filing to learn that the automaker's financial controls were spotty. He has spent a month trying to return $4 million that GM overpaid his machine-manufacturing firm.

Last December, GM commissioned J.R. Industries to design and build one diagnostic test stand to check engine valves and manifolds for $1,988. The company shipped the equipment at the end of January and billed GM $1,988 on March 2.

The mixup occurred when a GM employee keyed 1,988 into both the quantity and unit price columns."

http://www.detnews.com/apps/pbcs.dll...603310391/1148

oudidntkn0w · 04-02-2006, 03:07 AM

Every little bit helps, now we just need 1998 of these screwups.

327 · 04-02-2006, 03:24 AM

if theyre screwing up that big, I bet theres a lot more than that!

03-31-2006, 12:16 PM	#1 (permalink)
roteague 5.3 Liter Vortec V8 Join Date: Nov 2005 Location: Kaneohe, HI Posts: 1,437	A supplier's odyssey: To return $4M to GM "Billing-entry mistake on GM's end resulted in J.R. Industries receiving $1,988 -- 1,988 times. Jack Paulus of J.R. Industries didn't have to read General Motors Corp.'s 10-K filing to learn that the automaker's financial controls were spotty. He has spent a month trying to return $4 million that GM overpaid his machine-manufacturing firm. Last December, GM commissioned J.R. Industries to design and build one diagnostic test stand to check engine valves and manifolds for $1,988. The company shipped the equipment at the end of January and billed GM $1,988 on March 2. The mixup occurred when a GM employee keyed 1,988 into both the quantity and unit price columns." http://www.detnews.com/apps/pbcs.dll...603310391/1148

04-02-2006, 03:07 AM	#2 (permalink)
oudidntkn0w 3.8 Liter Supercharged V6 Join Date: Jul 2003 Location: Redford, MI (Detroit Area) Drives: 96 Monte LS, 3400 swap with performance cam Posts: 670	Re: A supplier's odyssey: To return $4M to GM Every little bit helps, now we just need 1998 of these screwups. __________________ All in the family: -08 G6 GT -07 Aura XE-6 (Mine) ) -08 Sierra Z71 -08 GP GXP "I'll tell you what's going on with our beer. They've sold it to the Japanese, who will change the formula and repackage it in square bottles that will only fit cupholders in Japanese cars." - King of the Hill GM: The global car company that's proud to be American!

04-02-2006, 03:24 AM	#3 (permalink)
327 7.0 Liter LS7 V8 Join Date: Jul 2004 Location: NE Posts: 6,667	Re: A supplier's odyssey: To return $4M to GM if theyre screwing up that big, I bet theres a lot more than that! __________________

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