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Auto industry taking a beating (pg. 2)
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| AnotherWay83 |
| agree with clovis...the adjustment will be tough but in the long run it will be beneficial for us all |
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| mndeg |
| quote: | Originally posted by jerZ07002
Some people at my job (who are pretty tight with detroit executives) are convinced that GM, Ford, and Chrysler are heading toward bankruptcy protection to break the union legacy contracts.
* not insider information - just speculation after a round of golf * |
*starts buying puts*
damn you elitists with your information trading circumventing insider trading laws :whip: :whip: :whip: :whip: |
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| jerZ07002 |
| quote: | Originally posted by mndeg
*starts buying puts*
damn you elitists with your information trading circumventing insider trading laws :whip: :whip: :whip: :whip: |
if that was insider information you could bet i would not have made it public, and i would have sold short the stock. watch out for a sale of volvo by ford. *wink* |
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| jerZ07002 |
word is that it's past speculation. |
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| malek |
| seems like ford wants to keep volvo, they are way too integrated. |
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| Shakka |
| Word is these guys need to shed assets in order to prevent a liquidity event. To attempt to raise dilutive capital at this point would be borderline reckless. |
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| jerZ07002 |
| quote: | Originally posted by Shakka
Word is these guys need to shed assets in order to prevent a liquidity event. To attempt to raise dilutive capital at this point would be borderline reckless. |
not many people are lining up to provide equity to these guys. |
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| Shakka |
| quote: | Originally posted by jerZ07002
not many people are lining up to provide equity to these guys. |
Indeed. How much good money has been thrown after bad in the U.S. markets already this year? It's amazing how long it takes some folks to wise up to the mess that is the U.S. economy. |
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| Moongoose |
| quote: | Originally posted by Magnetonium
LOL ... naaaah, Hondas are ghey (though more efficient and environmentally friendlier, I suppose (?)) |
ghey? Come on the civic is exceptionally good looking and the new accord is a great drive (test drove one last week) as well as very handsome (in a ruggish sort of way). |
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| SiLveR_NrGy_985 |
| quote: | Originally posted by Clovis
Yes and?
Truck sales are down, RV sales are down, fuel efficient cars are selling like hot-cakes. People are taking more mass transit. They're trying to localize industries. Urban planners are re-energizing city centers and downtown areas, and concentrating living and commercial spaces and reducing the spread out norm of American cities. It's unfortunate that it had to come to this but the high cost of gasoline is finally making people change their way of living, in the direction this country desperately needs to go. The automobile fantasy bubble is coming to an end. |
Touché! exactly man :) |
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| malek |
both of you are disillusionnal if you think the american way of living will change, that it'll curb suburbs and exurbs... its a hippie fantasy.
V8s will be replaced by V6s and more effecient cars, hybrids cut on average 30 to 50% gaz consumption in the first generation, alternative fueled cars are on the way, and this won't change the american dream of having a big house with a lot.
Mass transit might see a short surge in ridership in very well deserved cities (very few in fact in north america), but thats only because people don't change their cars overnight, it takes years for people to adjust their habits... but changing them? thats just a hip urbanites dream... |
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