caseys Posted December 12, 2008 Share Posted December 12, 2008 http://news.bbc.co.uk/2/hi/business/7778830.stm A grim outlook for the big 3 manufacturers in the US then. I'm quite surprised it hit Honda, Toyota and Nissan's stock - down 10%. As a few said a while ago it'll be interesting to see what broad affect this has on the stock market, $ value, Yen value and pensions Link to comment Share on other sites More sharing options...
AndrewOW Posted December 12, 2008 Share Posted December 12, 2008 It doesn't sound that good to me, but maybe the US car industry needs an overhaul. Get rid of the gas guzzlers and start making 'greener' cars IMO. Refusing to take wage cuts doesn't help much, either! Link to comment Share on other sites More sharing options...
mrdsukautos Posted December 12, 2008 Share Posted December 12, 2008 The japanese have a real problem with their new president he just sucks like our gordon does lol He is ruining all the good work done previously and i can only see him screwing it up even more just like our gordon will Link to comment Share on other sites More sharing options...
Mike Posted December 12, 2008 Share Posted December 12, 2008 Time to sell those private jets Link to comment Share on other sites More sharing options...
JustGav Posted December 12, 2008 Share Posted December 12, 2008 It doesn't sound that good to me, but maybe the US car industry needs an overhaul. Get rid of the gas guzzlers and start making 'greener' cars IMO. Refusing to take wage cuts doesn't help much, either! It isn't just the car manufacturers, the knock on effect is the worry, GM and ford do a lot more than just cars these days and have their corporate fingers in lots of pies, when that goes the follow on is going to be interesting. Quoting a local example, Hitachi, the big company over in Japan, they make heavy machinery amongst MANY other things, they also do finance on things like DFS sofas..... Ford and GM do similar over the in the US, suddenly it is a wider implication than not being able to get a 2009 fiesta. Ever get the feeling that perhaps capitalism has reached it's natural end? Link to comment Share on other sites More sharing options...
AndrewOW Posted December 12, 2008 Share Posted December 12, 2008 It isn't just the car manufacturers, the knock on effect is the worry, GM and ford do a lot more than just cars these days and have their corporate fingers in lots of pies, when that goes the follow on is going to be interesting. Quoting a local example, Hitachi, the big company over in Japan, they make heavy machinery amongst MANY other things, they also do finance on things like DFS sofas..... Ford and GM do similar over the in the US, suddenly it is a wider implication than not being able to get a 2009 fiesta. Ever get the feeling that perhaps capitalism has reached it's natural end? Agreed, and what Clarkson says sounds a little worrying too: http://news.bbc.co.uk/1/hi/business/7766057.stm Link to comment Share on other sites More sharing options...
The Raven Posted December 12, 2008 Share Posted December 12, 2008 Just another thing hit by the gobel melt down. Link to comment Share on other sites More sharing options...
Gaz Walker Posted December 12, 2008 Share Posted December 12, 2008 Thats not good news at all... Link to comment Share on other sites More sharing options...
caseys Posted December 12, 2008 Author Share Posted December 12, 2008 It isn't just the car manufacturers, the knock on effect is the worry, GM and ford do a lot more than just cars these days and have their corporate fingers in lots of pies, when that goes the follow on is going to be interesting. Quoting a local example, Hitachi, the big company over in Japan, they make heavy machinery amongst MANY other things, they also do finance on things like DFS sofas..... Ford and GM do similar over the in the US, suddenly it is a wider implication than not being able to get a 2009 fiesta. Ever get the feeling that perhaps capitalism has reached it's natural end? The People's Republic of the United States of America. Sounds like quite a mouthful. Link to comment Share on other sites More sharing options...
JustGav Posted December 12, 2008 Share Posted December 12, 2008 Agreed, and what Clarkson says sounds a little worrying too: http://news.bbc.co.uk/1/hi/business/7766057.stm Yup, nail on the head I think. The thing is as he said 'Where do you stop', and it is true, if they were a small little business they would have had to shut up doors like so many already have. The super-companies which have so called wealth are realizing that they don't actually have any and are reliant on the revolving cash flow. This cash flow is now stopping and not topping up the funds that they rely on. Should they collapse the knock on is VERY serious, however the question should be, why should they be bailed out... is it not a case of natural stabilization? yes a huge fall out will occur and it would be messy but wouldn't it end up in a better position (I don't know honestly), but if companies are bailed out now, what happens in 2, 5, 10 years time when that needs to be repaid, where is that going to come from?? In effect lengthen the transition period. For goodness sake, capitalism is pretty much non existant as such now, banks go bust, the government bails them out, car companies go bust, the government bails them out... It is time for a real product/money based economy as opposed to a virtual economy which is what we have these days.... Link to comment Share on other sites More sharing options...
GazB Posted December 12, 2008 Share Posted December 12, 2008 Where is red Ken living now days, he may be needed Link to comment Share on other sites More sharing options...
supradriver Posted December 12, 2008 Share Posted December 12, 2008 the world has gone too pot:( Link to comment Share on other sites More sharing options...
Gazboy Posted December 12, 2008 Share Posted December 12, 2008 My God we are all screwed. Link to comment Share on other sites More sharing options...
Gaz Walker Posted December 12, 2008 Share Posted December 12, 2008 My God we are all screwed. Yep its bad Gaz. The world had gone to sh1t. Gaz. Link to comment Share on other sites More sharing options...
Lbm Posted December 12, 2008 Share Posted December 12, 2008 Perhaps Keanu can save us from ourselves? http://www.guardian.co.uk/film/2008/dec/12/us-box-office-preview Then again, probably not. Link to comment Share on other sites More sharing options...
AndrewOW Posted December 12, 2008 Share Posted December 12, 2008 Looks like GWB has changed his mind. Again. http://news.bbc.co.uk/1/hi/business/7779981.stm It could all be a flash in the pan though. Link to comment Share on other sites More sharing options...
JamieP Posted December 12, 2008 Share Posted December 12, 2008 I agree with clarkson, the bailouts are a waste of time, some bad times ahead i think and the cut in interest rates and vat are only going to make things worse later. I think there is going to be a lot of people in a lot of trouble soon. If i had any debt now i would be worried, anyone that has any car loans etc id look at selling up and getting rid of whatever debt you can while you can. luckily i dont owe anybody a penny:p Link to comment Share on other sites More sharing options...
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