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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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What is this discussion about? Automotive News


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#53 of 76
Re: Prediction? [boaz47] by steve_ HOST
Mar 05, 2009 (8:59 pm)
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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)
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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?
#55 of 76
Re: steve... [iluvmysephia1] by steve_ HOST
Mar 05, 2009 (9:22 pm)
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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)
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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)
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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.
#58 of 76
Re: steve... [iluvmysephia1] by boaz47
Mar 06, 2009 (1:55 pm)
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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)
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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.
#60 of 76
Re: boaz... [iluvmysephia1] by fezo
Mar 06, 2009 (2:51 pm)
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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.
#61 of 76
That'll do it every time... by iluvmysephia1
Mar 06, 2009 (3:00 pm)
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fezo, running over something.
 
The other day I was just leaving the dentist in Tucson. I had gone maybe a block when all of a sudden WHAM I hit something in the road. Only not an animal, something metal and clunky sounding, but positioned in such a way that it made a big impact on my right rear tire.
 
Flat tire. Sears no longer open(where I bought the Pirelli P-Zero Nero M+S Pinna's at) that night. Me=no work the next day, Tucson=80 miles from my home, so, I've got one of those little donut spare tires on, right?
 
Son and I=hotel in Tucson that night. The next morning, son still asleep in motel, I run over to Sears and they fix the Pirelli for free. I had bought Road Hazard Warranties on the Pirelli's.
 
So, that bought me some extra car magazine reading at Border's and Barnes and Noble, and CD shopping at my favorite Tucson record store called Zia's. Worked out well.
 
Usually I like to be able to see the obstacles in the road ahead of running over them, but as you know and I know, that's not always possible.
#62 of 76
Re: That'll do it every time... [iluvmysephia1] by fezo
Mar 06, 2009 (3:22 pm)
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Replying to: iluvmysephia1 (Mar 06, 2009 3:00 pm)

Good story. Won't question whether the motel cost more than the tire would have....
 
I wish I could remember what my brother hit - something that fell off a truck in front of him. Some piece underneath....

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