GM in trouble

[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

[uls]

actor21:

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

di pa kasi masyado na-affect ng crisis ang Pinas

madali parin ma-approve ang car loan dito

madami parin nakakabili ng new car

so there's no reason why our local car dealers should offer big discounts

just wait... sa 2009

[uls]

update... na naman

GM, Chrysler May Get U.S. Loans to Survive to March
http://www.bloomberg.com/apps/news?p...d=aGHdHOHwvZWo

Dec. 19 (Bloomberg) -- General Motors Corp. and Chrysler LLC would get U.S. loans to stay afloat until March under a Bush administration rescue plan that may be unveiled as soon as today, people familiar with the talks said.

The government could take back the money should the automakers not comply with federal restrictions as a condition of receiving the funds, said the people, who asked not to be identified because the discussions are private. The plan isn’t final and may change, the people said.

[uls]

Which one is newer?

maybe the bloomberg one is newer

this is scary...

They used the B word

Bush considering 'orderly' auto bankruptcy
http://www.google.com/hostednews/ap/...uW1jQD955CUMO1

WASHINGTON (AP) — The Bush administration is looking at "orderly" bankruptcy as a possible way to deal with the desperately ailing U.S. auto industry, the White House said Thursday as carmakers readied more plant closings and a half million Americans filed new jobless claims.

With General Motors, Chrysler and the rest of Detroit anxiously holding its breath and waiting for a federal rescue, White House press secretary Dana Perino said, "There's an orderly way to do bankruptcies that provides for more of a soft landing. I think that's what we would be talking about."

[tidus1203]

I don't find it scary at all. I still believe that bankruptcy is a true viable alternative. Painful in the short run but the right thing to do for the long run. But I do support a government controlled bankruptcy para hindi magulo.

[pup2]

I wonder what % of Pinoy car buyers buy in cash and in financing? I'm sure madami ang financing pero palagay ko mas mataas by far ang % ng cash buyers sa Pinas kesa sa USA.