GM in trouble

[tidus1203]

Two wrongs don't make one right! Joining forces won't help their problems of funding and not being able to sell cars, there should be someone stronger who should take over.

[AG4]

Two wrongs don't make one right!

Not unless the two companies merge and reduce their models/output to that of a single company.
When/If they start to look healthier, maybe some company (Chinese?) might want to help them out.

[uls]

hehe

someone stronger?

ummm...

US GOVT.



other automakers (Japanese, Korean, European) all have their own problems...

so it's not likely anyone of them is in the mood to buy an American automaker

Maybe the dollar-rich Chinese state-owned car manufacturers can...

but knowing how proud the Americans are, they wouldnt let foreigners take over their iconic companies

---

Chrysler, Ford Idle Plants; GM Halts Engine Factory
http://www.bloomberg.com/apps/news?p...FQQ&refer=news

Dec. 17 (Bloomberg) -- Chrysler LLC, awaiting a federal rescue as its cash dwindles, will shut all 30 of its plants for at least a month starting Dec. 19 as unsold cars and trucks pile up at showrooms.

Ford Motor Co. said it will idle most of its North American assembly plants for the first week of January, while General Motors Corp. said a new factory making engines for the Chevrolet Volt electric car is being delayed to conserve cash.

The cutbacks showed how far automakers are going to save money and prune output in a year in which industrywide U.S. sales are poised to fall to their lowest levels since 1991. GM and Chrysler say they may run out of operating funds in just weeks without emergency U.S. aid.

[uls]

mejo OT coz not about GM

pero about automaker bailout...

UK naman

UK government says it's considering auto bailout
http://www.google.com/hostednews/ap/...EzTcQD954MUE00

LONDON (AP) — The British government is in talks with Jaguar Land Rover about a possible government bailout, a senior official said Wednesday.

Business Secretary Peter Mandelson said the government was in talks with Jaguar Land Rover's owners "because they argue that they are under particular strain." But he added that the government had yet to commit to providing them with any assistance. Government intervention would depend in large part on the severity of the downturn in the automotive market, he said.

"If we judge that it's not just short-term difficulties, but longer-term pressures that are operating in that sector or in relation to that particular company, then we will consider what measure — what intervention — we can appropriately make," Mandelson told Sky News television.

But he warned that the government did not have "an open checkbook" and said it was the responsibility of Indian conglomerate Tata Motors Ltd. — which acquired the Jaguar and Land Rover brands in June — to provide the cash to keep its subsidiaries alive.

The worldwide financial meltdown has hit the automotive sector particularly hard and already pushed the America's big three automakers to the brink of bankruptcy.

In Britain, Jaguar Land Rover is one of several car industry groups reported to be asking for taxpayer money to help them survive the crunch. Others have already collapsed under the strain. Last week British car parts maker Wagon PLC filed for a form of bankruptcy after failing to persuade key shareholders to commit to an emergency refinancing package.

Meanwhile car maker Vauxhall, a subsidiary of General Motors Corp., has doubled the length of its Christmas vacation to a month to cope with slackening demand.

Mandelson the government would monitor the auto sector to see whether "it's appropriate for the government to take any action or impossible for us to do so."

[tidus1203]

Is there still a British auto industry? Kala ko patay na... Jaguar should ask Tata for money and not the British tax payer...

[uls]

weird no?

Tata asking for help from the UK govt...

baket hindi sa Indian govt?

[tidus1203]

Well cause the Indian government won't help them for sure Its one thing to save Tata and its another to save Jaguar which is still as green as British even though its already owned by Indians. Jaguar is still associated with Britain and will not serve the Indian's at all by bailing it out...

[Monseratto]

other automakers (Japanese, Korean, European) all have their own problems...

Honda Falls After Slashing Earnings Forecast by 62%
http://www.bloomberg.com/apps/news?p...d=a.g_N18spRtc

There is simply too many car manufacturers making too many cars with very few buyers that can actually afford them.

[uls]

yes, there's too much inventory now

cars arent leaving showrooms fast enough

and new cars from the manufacturers are continuously delivered to the dealers

--

the carmakers are too big (not nimble enough) to quickly adjust to fast changing market conditions

their factories keep producing cars even as the credit market deteriorated

credit is so tight, customers can't get car loans

so here we are

[actor21]

yes, there's too much inventory now

cars arent leaving showrooms fast enough

and new cars from the manufacturers are continuously delivered to the dealers

--

the carmakers are too big (not nimble enough) to quickly adjust to fast changing market conditions

their factories keep producing cars even as the credit market deteriorated

credit is so tight, customers can't get car loans

so here we are

sana mag buy one take one or 50% off hehehe..dito sa atin imbes na magbaba ng price, mag iincrease pa, look at Mitsubishi and Honda, pati ata Toyota tapos ang Kia naman mag iincrease ng 100k sa SRP nila then ileless nila yung increase para masabing Good Deal nakuha mo...tsk tsk pathetic