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10 Oct 2008, 07:07 (Ref:2308109) | #1 | |
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Can holden survive?
Seven news just reported that GM shares dropped 30% and many in the US are questioning whether they can survive. Where does that leave holden if the parent company goes under? And where does that leave Supercars?
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10 Oct 2008, 07:26 (Ref:2308120) | #2 | |
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over and out.
Supercars over and out. |
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10 Oct 2008, 07:35 (Ref:2308125) | #3 | ||
Llama Assassin and Sheep Botherer
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All Ford Bathurst 2009.....
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10 Oct 2008, 07:56 (Ref:2308141) | #4 | ||
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10 Oct 2008, 08:07 (Ref:2308154) | #5 | ||
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I think that there are going to be a lot of companies really struggling in the coming year. Unfortunately, when you cut back in the spending I know in my case I was planning on a new car this year, but now that is on hold for I dont know how long. It would be a shame if either company has anymore cutbacks as it will reflect on the sport.
As for All Ford Bathurst 2009, if that what happens, I am sure that people will still go and follow the drivers. The cars now as so much alike it dont matter what make you follow. Just an old fellas thoughts. |
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10 Oct 2008, 08:23 (Ref:2308165) | #6 | |||
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Tranquillity - What happens inside Shane's race car. Chaos - What happens outside Jamie's race car. |
10 Oct 2008, 08:36 (Ref:2308174) | #7 | ||
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10 Oct 2008, 09:05 (Ref:2308199) | #8 | ||
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10 Oct 2008, 09:08 (Ref:2308205) | #9 | |||
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Thats what the Black Wiggle keeps telling himself and anyone else who listens to him |
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2015 V8Supercar Champion #5 PDA Mark Frosty Winterbottom To Finish First, First you must Finish |
10 Oct 2008, 07:46 (Ref:2308132) | #10 | ||
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TATA
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10 Oct 2008, 08:52 (Ref:2308186) | #11 | |
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Well Ford is not doing well either the current maket problems mean both companies have lost over 50% of market value not a good look for Ford or GM
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If you think education is expensive, try ignorance. |
10 Oct 2008, 09:02 (Ref:2308195) | #12 | ||
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10 Oct 2008, 09:03 (Ref:2308196) | #13 | |||
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All round, not good for us petrol heads who's sport could be considered an extravagance in such hard times. |
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Bite off more than you can chew and then chew like hell. |
10 Oct 2008, 09:29 (Ref:2308221) | #14 | ||
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Spoke to a friend in the States today who is in the (Auto Industry) - a serious problem that is affecting all vehicle manufacturers and dealers is that the finance companies associated with the franchises have no money to lend to the buyers , this is the same for "finance approved" home loans where the lender doesn't have the funds to pay for the home being purchased , consequently no new cars or homes are being exchanged as there are no funds to settle the deals - things are pretty crook and not going to get better in the short term - the 1987 crash will be just a minor hiccup compared to what is happening today , and all of a sudden the depression of the 1920s is starting to make some sense - best to feel sorry for all the auto workers whom will soon be out of work and forget about motor racing .
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10 Oct 2008, 09:32 (Ref:2308223) | #15 | ||
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10 Oct 2008, 10:15 (Ref:2308255) | #16 | ||
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I see the Ford share price has dropped too the lowest since 1982 as well
and they have had a 30% decress across car sales in the last month in the US (across the board) their intrerest rates have been lowered 0.5% down to a 1.5% official rate(and people are still falling over) Banks are falling over across the world countrys (iceland about to call bankrupcy) I heard the over day they believe the true case of the US debt is more than 400 trilion that is more than Aust Gross from federation (1901) to now and if we look at Asia, their cheap tvs and stereos will not sell if no one can buy them in fact Japans stock market fell 7% today alone So its not a GM V Ford thing its the whole buy now pay later life style we all enjoy (or did) I work as a casual in the Auto industry and I am very scared |
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if only Valiants had brakes |
10 Oct 2008, 10:22 (Ref:2308265) | #17 | ||
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short selling is the biggest killer
I say I intend to buy brand X and exicise a option to buy I then say nope put them on the Market the price drops as there is a sudden glut of shares I then use my equity and borrow against them to buy them at the lower rate this is trying up the available funds and dropping the share market and folding companies (but hey thats a risk) This practice was made illegal in Aust last week but its is all ok you can still do it state side |
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if only Valiants had brakes |
10 Oct 2008, 12:14 (Ref:2308321) | #18 | |
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Wholesale loaning of money has stopped so finance retailers can't buy money to sell at a retail level (you & me). In the old days money was lent by banks from their own depositors so money was hard to borrow, you just about had to beg for it. We are rapidly regressing to this situation and this is why spending will stop, at least in the short term. I heard the term "deep recession", I guess they don't want to use the word "depression" as that evokes things we don't want to talk about. I suspect all sponsorship for all sports is going to take a huge hit, stand by for the fall out in motorsport. If it all becomes to hard the promotors will just walk away as they aren't in it to lose money and no one would buy any series that didn't produce a profit. I would not be surprised to see a lot of pro sports fall over and the amateurs return to fill the gaps, but that may be a bit pessemistic just yet.
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10 Oct 2008, 09:39 (Ref:2308228) | #19 | ||
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Cash is king in these circumstances. Look for a private equity / pension plan buyout (ala Chrysler), and then a slash and burn. If a subsidiary makes money, they'll want it to make 20% more immediately. If it doesn't, they will close it and cut it dead. Holden as a brand may be "retired" and manufacturing probably moved to Thailand
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10 Oct 2008, 23:36 (Ref:2308755) | #20 | |||
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db, almost half the current range is made in the old Daewoo factory in South Korea, it wont take much for that to have the commodore added to it. Quite simply, all the tooling just gets moved over & away they go ! Without wanting to sound racist, $25 a day, and all the rice you can eat, has far greater economic sustainability than to $ 60 - 80 K Aussie car industry workers get paid. |
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Bring on the Endurance season, and some big name DNF's... (I'd love to see the V8 Chumpionship decided @ Winton, thus making the El Grande Finale the flop it deserves to be...) |
10 Oct 2008, 23:55 (Ref:2308764) | #21 | ||
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Last edited by bluesport; 10 Oct 2008 at 23:58. |
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10 Oct 2008, 13:03 (Ref:2308343) | #22 | ||
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TBH i really think Holden and Ford are in no worse a boat then each other, i think it's just a fight between who jumps first.
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10 Oct 2008, 13:59 (Ref:2308379) | #23 | ||
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I'd heard there was a suggestion to put two large, struggling, national companies together to form a useful combine.
General Motors and Alitalia will combine to form a new company called Genetalia! Thank you and Goodnight! |
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Incognito: An Italian phrase meaning Nice Gearchange! |
11 Oct 2008, 13:42 (Ref:2309135) | #24 | ||||
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11 Oct 2008, 01:06 (Ref:2308785) | #25 | ||
Llama Assassin and Sheep Botherer
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All Hyundai Bathurst 2009.....
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