In the early 1980s, the United States dollar has appreciated greatly against the European currencies, and Europe was a huge bargain for the Americans.
Many European manufacturers often limited the model ranges and options for the American market due to the onerous compliance process of meeting the US automotive safety and emission regulations. Additionally, the European cars sold in the US had higher level of equipment as standard. Both were the factors for higher sales price in the US.
One example is grossly underpowered and overpriced Mercedes-Benz 380SEL sold in the United States from 1981 to 1985 while the Europeans had powerful 500SEL for lower cost than American-marketed 380SEL. The grey importers brought many 500SEL to the United States due to high demand by American consumers.
The grey importers took advantage of weak federal laws with several loopholes. The vehicles could be brought to the United States for personal use as long as they were at least five years old at time of importation and that they were never to be sold in the United States without modifications to meet US regulations. Many grey importers often used their family members, relatives, friends, and colleagues to register the vehicles for 'personal use' then sold them unmodified to the consumers.
The grey importers were responsible for modifying the vehicles to meet the US regulations. This could be done by purchasing the necessary parts from the manufacturers, modifying the equipments, taking photos of compliance, and submitting the documentations to the Department of Transportation for approval. Unfortunately, the manufacturers and sales centres licensed by the manufacturers refused to sell those parts. The grey importers resorted to wrecked vehicles for parting out or questionable modifications. Rather than modifying each vehicle, the grey importers kept the photos on file to be used again and again when submitting the documentations to the DOT. Many grey import vehicles didn't have necessary modifications, putting the consumers in danger.
The fraud committed by the grey importers was so rampant. So much that the manufacturers, led by Mercedes-Benz, pushed the Congress to close all of loopholes and make it difficult for the grey importers to operate. See more »
During a panning shot at the costume party, the camera's shadow can be seen on several dancers. See more »
How can you not see how alone I am?
I do! It's this town! It's this town. They build you up to tear you down. You're never good enough. You know how hard it is to keep my stories straight?
The BBC is full of cash. The BBC's flushed out. Ron Levin's gone to New York. Ron Levin's gone for good!
What are you talking about? What does that even mean, "gone for good" ? Where's Ron Levin?... You know what? I don't wanna know.
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This movie doesn't take long to kick into gear and has a pretty fast pace. The acting is good and the music is retro pop giving you that late 80's early 90's fun disco vibe. But the movie is based on a true story and that adds to the storylines authenticity but young guys starting a investment firm and getting in over their heads is a story too commonly told. This story does however go further on the tragedy scale then other movies about broker's or investors but when you watch these films that cover this topic it's always like watching a slow train wreck and this feature is no different. I do think this movie has some entertainment value but just a little.
I give this film a fair rating which means it's something worth watching but only when you get some free time don't go cancelling any appointments this movie can wait.
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