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2009 Predictions for the Auto Industry

76 messages,  Last post on Mar 09, 2009 at 2:22 PM

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#51 of 76 Re: Prediction? [berri] by boaz47 Mar 05, 2009 (9:28 am)
Replying to: berri (Mar 04, 2009 5:48 pm) To get together with Hyundai and the government intervention Korea imposes would be jumping from the frying pan and into the fire. As you must know the korean Government blackmailed Hyundai into buying Kia after they went BK. And the history of the event is well documented so it is of no surprise.   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. Replies to this message: steve_ (Mar 05, 2009 8:59 pm)
#52 of 76 It isn't just the US by boaz47 Mar 05, 2009 (6:26 pm)
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. Replies to this message: euphonium (Mar 06, 2009 8:28 am)
#53 of 76 Re: Prediction? [boaz47] by steve_ HOST Mar 05, 2009 (8:59 pm)
Replying to: boaz47 (Mar 05, 2009 9:28 am) the korean Government blackmailed Hyundai into buying Kia   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
#54 of 76 steve... by iluvmysephia1 Mar 05, 2009 (9:09 pm)
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? Replies to this message: steve_ (Mar 05, 2009 9:22 pm)
#55 of 76 Re: steve... [iluvmysephia1] by steve_ HOST Mar 05, 2009 (9:22 pm)
Replying to: iluvmysephia1 (Mar 05, 2009 9:09 pm) My auto history isn't so good. Ford owned a piece of Kia for a long time before the turmoil that wound up with Hyundai outbidding Ford for all of Kia. Per Wikipedia.   Hoover/Stanford has a case study about it.
#56 of 76 Re: It isn't just the US [boaz47] by euphonium Mar 06, 2009 (8:28 am)
Replying to: boaz47 (Mar 05, 2009 6:26 pm) Massive discounts will tempt many, but investing in growth stocks are a better buy.
#57 of 76 steve... by iluvmysephia1 Mar 06, 2009 (9:52 am)
indeed Ford owned a piece of Kia, but it was a very small share IIRC, like 15%. I'll have ta go back and re-read up on it, I spose.   Those two S.Korean automakers just keep improving year-on-year, though. Replies to this message: boaz47 (Mar 06, 2009 1:55 pm)
#58 of 76 Re: steve... [iluvmysephia1] by boaz47 Mar 06, 2009 (1:55 pm)
Replying to: iluvmysephia1 (Mar 06, 2009 9:52 am) Every time you say how Kia has done so well I pop over to see where they rate on the dependability survey. You could be right after all hyundai has moved up. But check as I might and Again kia is down near the bottom. http://www.jdpower.com/corporate/news/releases/pressrelease.aspx?ID=2008115
#59 of 76 boaz... by iluvmysephia1 Mar 06, 2009 (2:01 pm)
once again, everyone's experience is different. I have owned two Kia's and except for a recall or TSB item here or there I was very happy with both of them. I think that dealership's have a lot to do with it. Every time I hear someone talk about their dealership's service department giving them a hard time I just cringe. Everything we wanted or asked for in both the cars and the dealership were always taken care of for us.   Without a lot of thinking or worrying. I can say the same thing for my '08 Mitsubishi Lancer GTS, too. Great customer service and honest customer service. That goes for both maker's service departments. Every brand makes some dud cars and every brand has some crappy dealers. Replies to this message: fezo (Mar 06, 2009 2:51 pm)
#60 of 76 Re: boaz... [iluvmysephia1] by fezo Mar 06, 2009 (2:51 pm)
Replying to: iluvmysephia1 (Mar 06, 2009 2:01 pm) Funny thing that. My youngest brother bought a Kia Sportage a bunch of years ago. Now he isn't the best person in the world at maintaining cars so I'm expecting the worst.   Lo and behold here we arer almost 10 years and 145K or so down the road and teh thing still runs fine. He's had few expenses other than routine. The only big expense was because he ran over something.

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