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Automotive News & Views 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: 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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Replying to: boaz47 (Mar 05, 2009 9:28 am) Maybe Ford should be so lucky? "Kia Motors America said Tuesday its February U.S. sales edged up slightly on strong demand for its Sorento and Sedona models." Pleasant Surprise |
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thanks for adding that about my buddies Kia Motors. I could see from their history that in 1998, when the near Kia bankruptcy was occurring, that Kia had enormous potential. By the summer and fall of 1998, Kia was beset by worker strikes, the devaluation of the won, and a huge tide of negativism. The government of South Korea couldn't have Kia fall, but, compared to the problems GM and Chrysler have, I don't think the American people and Government think we have that big of a collective wallet. I still look back lovingly on my 1999 Kia Sephia sedan and good times driving that car. As I started to enjoy the car I thought about joining Sephia car clubs. As it turned out there were many in South Korea already by 1999. That thought sort of evaporated and we moved on in to a 2001 Kia Sportage 4X4. And, BTW, I never came across that bit of news back in the late 90's, that Hyundai was blackmailed in to bailing out Kia Motors. Strongly encouraged, yes, but blackmailed? Is there a link I should've clicked on somewhere that spells that out so simple that even....ummm....even...Donald Trump could understand it?
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