What's the deal with PAG/PCNA?
03-31-2014, 02:47 PM
#16
Race Director
Thread Starter
The bottom line, Mike, is that anything you learn about 'invoice' (which is your current line of questioning on this thread) is probably not going to tell you WHAT you think it should tell you re: your 991 gt3 compensation strategy. But you need to tell us more about where you are going with this!
But regardless, best of luck!
Saludos,
Eduardo
Still Sleepless in Seattle
.
But regardless, best of luck!
Saludos,
Eduardo
Still Sleepless in Seattle
.
03-31-2014, 03:13 PM
#17
Rennlist Member
Very thorough post by Eduardo. Thank you.
One point he included but may have been minimized a bit is the fact the PCNA, being the exclusive importer and marketer for PAG in North America, they are also responsible to conform with all laws and regulations in the countries in which they operate and ensure the vehicles comply as well (this insulates PAG somewhat). As a result PCNA is liable for loss associated with "their" vehicles. Please don't read too much into the liable part, it is not an emotional term, rather a legal standard. Having said this, however, PCNA will be on the hook for losses associated with this event either by their own admission or proven in a legal setting (includes arbitration). They will undoubted pass through an agreed loss to PAG. Loss above the agreed value (aggregate or per vehicle, depends on their Agreement with PAG) will be PCNA's to cover in some manner.
The dealer will most likely act as an agent on PCNA's behalf, they may or may not have any financial gain or loss associated with the event, that would depend again on the type of arrangement between PCNA and dealer.
Of particular interest now is the formal NHTSA case number. It was anticipated but I'm sure PCNA had hoped they could have handled this on a volunteer basis. There will be more people involved and that usually translates into more time to get things done and more costs for PCNA et al. This NHTSA inquiry as much as anything may have been part of the delay in resolution from the last couple weeks.
One point he included but may have been minimized a bit is the fact the PCNA, being the exclusive importer and marketer for PAG in North America, they are also responsible to conform with all laws and regulations in the countries in which they operate and ensure the vehicles comply as well (this insulates PAG somewhat). As a result PCNA is liable for loss associated with "their" vehicles. Please don't read too much into the liable part, it is not an emotional term, rather a legal standard. Having said this, however, PCNA will be on the hook for losses associated with this event either by their own admission or proven in a legal setting (includes arbitration). They will undoubted pass through an agreed loss to PAG. Loss above the agreed value (aggregate or per vehicle, depends on their Agreement with PAG) will be PCNA's to cover in some manner.
The dealer will most likely act as an agent on PCNA's behalf, they may or may not have any financial gain or loss associated with the event, that would depend again on the type of arrangement between PCNA and dealer.
Of particular interest now is the formal NHTSA case number. It was anticipated but I'm sure PCNA had hoped they could have handled this on a volunteer basis. There will be more people involved and that usually translates into more time to get things done and more costs for PCNA et al. This NHTSA inquiry as much as anything may have been part of the delay in resolution from the last couple weeks.