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2009 Predictions for the Auto Industry

76 messages, Last post on Mar 09, 2009 at 2:22 PM
You are in the Automotive News & Views Forum. Your Hosts are steve_ & claires
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Replying to: nwng (Jan 28, 2009 8:30 am)
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Replying to: berri (Mar 03, 2009 4:54 pm)
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Replying to: lemko (Mar 04, 2009 5:55 am)
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Replying to: bpizzuti (Mar 04, 2009 6:22 am)
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Replying to: berri (Mar 04, 2009 2:02 pm) |
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Replying to: steve_ (Mar 04, 2009 3:16 pm) And if they did partner with Hyundai and ever did decide to take any of the offered bailout they couldn't get it. In fact I wonder how Mazda would have affected any bail out?
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Replying to: boaz47 (Mar 04, 2009 4:37 pm) |
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Replying to: steve_ (Mar 04, 2009 3:16 pm) Ford doesn't want govt money. Its not just a marketing advantage, its protecting the family preference stock situation. If the family has to get out, a merger probably treats them better. I don't see how the govt will justify putting money in and pressing bondholders and others for givebacks when the Ford family has their sweetheart stock deal compared to regular shareholders.
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Replying to: berri (Mar 04, 2009 5:48 pm) I hope Ford can hold on and I will not be surprised if Chrysler dies this year. GM looks like it could fold if something drastic doesn't happen to turn things around so Ford may be our only domestic traditional manufacturer. I know they would take a beating as a family but getting involved with anyone but Toyota or maybe Honda isn't going to help. Grabbing on to another person sinking in quicksand isn't going to help unless that person is being pulled out of the quicksand.
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Just in case some think it is a local problem. http://www.businessinsider.com/unsold-cars-around-the-world-2009-2 If car sales ever did pick up you know these cars will have to be massively discounted.
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