By Nicholas W. Cook / BuzzFeed NewsWhat started out as a joke about an Auto Parts store has evolved into a serious problem for the industry.
Auto parts suppliers in Brazil, India, and China have been caught up in a wave of rampant corruption and fraud that has left many customers with hundreds of thousands of dollars in unpaid auto parts bills.
The fraudsters are using the money to buy luxury cars and expensive real estate.
A report released by the U.S. House of Representatives and the U of L Senate this week found that in the first six months of 2018, 1,800 people died due to auto parts fraud, including 1,600 deaths from heart attacks, 6,700 deaths from stroke, and 8,400 deaths from cancer.
“The fraud is not just a matter of money; it is a matter with a profound economic impact,” said U.N. special rapporteur on fraud, Marietta Kuczynski, in a statement.
According to the Ullman report, auto parts suppliers are under intense pressure to produce products in the fastest time possible.
With the supply chains stretched to the breaking point, suppliers are turning to cheap labor and labor-saving techniques to reduce costs.
In China, the country’s second largest auto parts supplier, the supply chain has become so stretched that the company is forced to import and ship parts directly to customers in Asia.
For example, in April, the company’s sales were down by 40% in Asia due to a lack of workers in the region, according to the report.
Other auto parts companies have been hit hard by the problem, including those in India, China, and the United States.
Many auto parts workers in India are underpaid, lack the proper medical insurance, and lack the necessary certification to work in auto parts manufacturing, according the ULLman report.
This has led to the death of over a hundred workers, including children.
Last year, Indian police arrested more than 1,000 auto parts thieves and recovered thousands of counterfeit auto parts.
India is not the only country facing the problem.
About 60% of the world’s auto parts supply chain is located in China, according data from the U LLman report found.
As a result, many of these parts suppliers have turned to outsourcing, which has seen an explosion of outsourcing to third-party suppliers.
At one point, there were more than 2,000 suppliers in China alone, according a 2014 report from the McKinsey Global Institute.
It’s not just auto parts that are being stolen, but also other items, like clothing, furniture, and electronics.
Even more alarming is the fact that there is a significant amount of counterfeit goods on the market, as the U llman report noted.
One of the most prevalent sources of counterfeit products is the Chinese market.
Ullman’s report said that in 2015, counterfeit products were found in nearly 40% of U.K. clothing and jewelry, in nearly 70% of electronic products, and in nearly 50% of watches.
China, India and the rest of Asia are facing similar problems.
So far, there are no signs that auto parts prices in China are recovering.
However, there have been signs of a recovery in India.
There were several signs of progress, including an increase in demand for auto parts in the Indian marketplace.
But the problem remains.
Automakers are facing increasing pressure to keep costs down and make more money for their shareholders.
Despite the growing cost of the Chinese auto parts market, the companies are unwilling to cut costs to keep up with surging demand.
More and more companies are moving to outsourcing to low-cost third-parties to lower their operating costs.
They are making a big investment in this industry.
And, while outsourcing has helped reduce the costs of manufacturing, it has created a huge bubble.