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2 Mar 2009, 00:22 (Ref:2406998) | #26 | ||
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3 Mar 2009, 17:08 (Ref:2408237) | #27 | ||
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Turbo on the road car or not, S2000 rules don't allow turbocharging. However, the WRC might go for a "S2000+" set of regulations with 4WD (not that fun) and a turbo for more torque and power - could that go to touring cars, bearing in mind there has been some rumbling in the WTCC regarding going to 1.6 turbos and one set of engine regs would be better for everyone.
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6 Mar 2009, 07:09 (Ref:2410086) | #28 | |
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According to the evening news GM appears to be close to folding. How long can holden last?
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6 Mar 2009, 07:34 (Ref:2410096) | #29 | ||
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it will be a sad day in australian manufacturing history if holden falls over because of poor management from GM. if holden does fall you can say good bye to v8 supercars.
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6 Mar 2009, 09:51 (Ref:2410186) | #30 | ||
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Perhaps Skoda could buy into Holden,Skoda Commodore wins Bathurst!!!!!
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6 Mar 2009, 09:57 (Ref:2410188) | #31 | |
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6 Mar 2009, 10:10 (Ref:2410199) | #32 | |||
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GM at the moment don't generate enough income to pay their interest bills , and no products that will generate a lot of traffic through there showrooms are anywhere near production ready -- if GM do survive it will probably be twenty years before they are profitable and start showing some black ink on their books. |
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6 Mar 2009, 16:45 (Ref:2410479) | #33 | ||
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GM north america is like a company from the 1950's. It is ill prepared for the 2010's. It has huge union problems and a massive dealer body(about 6000 dealers compared to Toyotas 1500 or so) and many of the cars are crap. Everyone fears the bankruptcy, which I think is now inevitable, but it depends under US law what bankruptcy ruling they file under. It is unlikely they will seek liquidation. Instead they will file under reorganization. This is not an uncommon thing. Many US airlines went bankrupt after 2001 and under protection got themselves sorted out. What will happen is the reorganization will allow GM to get out of dealing with the corrupt union auto workers and will allow protection from creditors and GM will be able to reorganize itself. Likely it's foreign subsidiaries will be unaffected to a great extent. The GM that emerges will be a leaner, meaner company better suited for the modern era. Lots of people will lose their jobs, but that is inevitable anyways. The automotive industry was actually growing in the USA until the recent crisis. VW has a new plant opening soon in Tennessee. Hyundai recently opened a huge plant in Alabama. |
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6 Mar 2009, 21:49 (Ref:2410626) | #34 | |||
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Good Call there, but you forgot one major point. Overpaid, Over Rated Excutives who actually, ran the company. Every bodys a President or VPresident of Money wasting positions in each division, whose solem goal is to do ......................................... |
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6 Mar 2009, 21:54 (Ref:2410629) | #35 | ||
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The CEO of GM has taken a pay cut and is only going to receive $1 this year instead of his usual 2 mil. Might be too late though. Although Ford sales in the US fell 48% in February so not a lot of joy there either.
I was a bit wrong there he received 5.4 mil last year and about 14 in 2007. |
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6 Mar 2009, 22:17 (Ref:2410640) | #36 | ||
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[QUOTE=mountainstar;2410479]Parts of GM are quite profitable such as GM South America and GM China.
QUOTE]Unfortunately the small amount of GM companies that do show a profit don't help the GM bottom line as the percentage is too small = Holden is profitable but they have to keep cutting jobs and having lay days to be so , to me that points to borderline profitability and only takes a few bad months of sales to turn it around - Ford in Australia is in the same boat , they just don't sell enough cars ! = I'm old enough to remember the fifties and 50% of new cars sold were Holden's = 50% of new car buyers didn't buy Holden's - fast forward to 09 where 90% of new car buyers didn't buy Holden's . So many choices now and growing all the time , it's the same in the USA I remember the RSL president in the sixties vowing that there will never be a Japanese car parked in an RSL car park , the Yanks had a similar statement - check it out today , 90% or more of the cars are foreign made. The worst of it all is the loss of jobs in the current economic climate , the new unemployed are likely to be so for some years as the global mess is going to take some years to unravel and industry can see a light at the end of the tunnel and starts to grow again. |
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7 Mar 2009, 01:05 (Ref:2410720) | #37 | ||
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7 Mar 2009, 04:05 (Ref:2410778) | #38 | ||
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Thats pretty well what I was saying "borderline profitability" , just a minor hickup and it's red ink not black.
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7 Mar 2009, 06:29 (Ref:2410810) | #39 | ||
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Nothing new here, in 1997 they couldn't sell the Kingswood and wanted to shut down for two weeks. We supposed to use our annual leave, the Union said , no go, so we continued building cars that couldn't be sold.
Fastforward to 2009 , not much different. If it does mean to drop to Four day week, will banks drop the mortgage to suit, will telstra drop the phone, will Woolies drop the grocery bill. I don't think so, so a shorter week to save jobs, reduced pay, not selling enough cars, just means tougher times. But on the upside, Family Part A and B will increase due to changes in forecast income. Reduce the amount of sangers made for from 5 days to four, thats a saving, save on Bus/train fares, 1/4 tank of fuel . **** it could go on. Except the Banks want there money so , back to Baked bean sangers for Lunch and Tea, meanwhile Excecs are still pulling the same $$. Aust Business management , as old mate from Telstra said, Bosses aren't B******'* |
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7 Mar 2009, 13:27 (Ref:2410992) | #40 | ||||
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9 Mar 2009, 23:56 (Ref:2412638) | #41 | ||
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Happy David Thexton Day, 21st March 2003 “I am not uncertain” - Dollar Bill Stern, Billions “Fear stimulates my imagination” - Don Draper, Mad Men “Everybody Lies” - Dr Gregory House, House “Trust But Verify” - Commissioner Frank Reagan, Blue Bloods |
10 Mar 2009, 02:04 (Ref:2412707) | #42 | ||
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Wonder if TC and his mates are studying Asian languages right about now....
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10 Mar 2009, 03:49 (Ref:2412742) | #43 | ||
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and instead of meat pies they are having Dim Sims and fried rice.
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10 Mar 2009, 04:08 (Ref:2412745) | #44 | ||
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FIAT based on comments I heard seems pretty keen on it's deal with Chrysler. |
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10 Mar 2009, 10:37 (Ref:2412854) | #45 | ||
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Holden Boss Can't Sleep at Night
Worried over upcoming job losses
http://www.news.com.au/business/stor...96-462,00.html This is not good news. |
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10 Mar 2009, 15:40 (Ref:2413019) | #46 | ||
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I work for Terex and they have not had anything to do with GM for quite a while. They are not for sale but like most manufacturing companies are facing difficulties
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10 Mar 2009, 18:50 (Ref:2413141) | #47 | ||
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No one needs to replace Holden, Tony Cochrane has said himself in the past that V8SC can get by with the backing of one manufacturer..... its more about the teams these days remember, not the manufacturers
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11 Mar 2009, 03:46 (Ref:2413373) | #48 | ||
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So we can race "Pigs"
YAY |
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Happy David Thexton Day, 21st March 2003 “I am not uncertain” - Dollar Bill Stern, Billions “Fear stimulates my imagination” - Don Draper, Mad Men “Everybody Lies” - Dr Gregory House, House “Trust But Verify” - Commissioner Frank Reagan, Blue Bloods |
11 Mar 2009, 06:10 (Ref:2413405) | #49 | ||
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lets hope they let sheep, horses and every other animal on a farm race.
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13 Mar 2009, 00:15 (Ref:2414631) | #50 | ||
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I heard a rumour that someone was going to lend the money to Mark Skaife and he would own Holden.
Maybe Kevin07 will broker the deal which will put Marky at the head of the castle. |
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