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| The Pub For General Automotive Related Talk |
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02-07-2012, 10:13 PM
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Regular Member
Join Date: Mar 2009
Location: Mornington Peninsula
Posts: 195
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I found this a little funny, but concerning.
I think this has been going on for a while as no one has noticed it, but that's a fair bit of stock to go missing: http://news.ninemsn.com.au/national/...rted-at-holden $2.5m theft racket reported at Holden Thieves have reportedly stolen $2.5 million worth of engines, transmissions and parts from car maker Holden in South Australia, in what police say could be an inside job. News Limited says the items allegedly siphoned off include hi-tech V8 motors worth $10,000 each, but sold for as little as $1,500 by the thieves on the black market. Detective Superintendent Peter Harvey, from the Organised Crime Investigation Branch, has confirmed an operation codenamed Echidna is underway. The GMH corporate affairs manager in South Australia, Sean Poppitt, says it's an ongoing investigation, but he can't give any details. News Limited says Elizabeth CIB detectives found a V8 engine stolen from the Elizabeth plant during an unrelated inquiry. It's believed people working at the Holden plant are involved in the racket. GMH received a $275 million bailout from the state and federal governments in March to keep operations at Elizabeth.
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UNDERSTEER is when you hit the wall with the front of the car. OVERSTEER is when you hit the wall with the rear. HORSEPOWER is how fast you hit the wall. TORQUE is how far you take the wall with you. |
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02-07-2012, 10:18 PM
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FF.Com.Au Hardcore
Join Date: Jul 2011
Posts: 4,819
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$2.5mil of stock stolen from GMH!
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