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The Pub For General Automotive Related Talk |
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31-05-2009, 09:02 PM | #331 | ||
FF.Com.Au Hardcore
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we can only hope that is the case
i dont think au needs that many people on top of what we have now looking for work weather the cruze has 25 % or 75% aus in it i dont think that realy matters what does is keeping people in work ( i could only wish ) Jason
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no longer have a ford but a ford man at heart R.I.P 98 EL MAY YOU HAVE A GOOD LIFE IN FALCON HEAVEN [SIGPIC][/SIGPIC]
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31-05-2009, 09:09 PM | #332 | |||
Cobblers!
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Location: The Shire, NSW
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We just have to hope that Holden stays under GM ownership, and also thank our lucky stars that this didn't happen to Ford.
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Ego BFII Ghia Titanium Silver E53 X5 4.4i Gunmetal EF XR6. Now retired from active duty. Roses are red. Violets are blue. OS X rocks. Homage to you. |
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31-05-2009, 09:13 PM | #333 | ||
Guess Who's Back?
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"GM's rebirth begins now"
A brief article outlining some of the benefits from GM's CH11 restructure. http://www.thestar.com/Business/article/643137 |
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01-06-2009, 03:18 AM | #334 | |||
Getting it done.....
Join Date: Oct 2006
Location: Brisbane
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The aus focus would basically be a tested and approved euro focus....apart from some adr changes and local tunes (maybe...) of suspension (dampers etc.) that's it. If the local content of cruze was higher its be interesting to find out why... would it not??? Maybe holden rushed the 'aussie' small car out so quickly (to combat focus) that in effect its a kit car. Panels stamped here, put together here but the rest comes in the box....probably from korea. Funny that seeing as people were complaining when the green car fund was used by Rudd to help Toyota bring the hybrid camry to aus even though the hybrid tech was 100% imported. Didn't Rudd fund this HOlden small car too...deja vu!!!!!
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Dynamic White 1995 EF XR6 Auto Now with: Pacemaker 4499s Lukey Catback Exhaust Chrome BA XR-style tip Airdam Mounted CAI with modified (bellmouth) airbox Trip Computer install KYB shocks Bridgestone Adrenalin tyres Coming Soon: Exhaust Overhaul..... |
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01-06-2009, 11:42 AM | #335 | |||
IWCMOGTVM Club Supporter
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GM to get thrown of the Dow Jones Index.
http://news.theage.com.au/breaking-n...0601-bs1m.html Quote:
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Daniel |
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01-06-2009, 11:43 AM | #336 | |||
IWCMOGTVM Club Supporter
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http://news.theage.com.au/breaking-n...0601-bry4.html
Quote:
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Daniel |
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01-06-2009, 11:43 AM | #337 | ||
Fiat POWAAH!
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Location: Western Australia
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Apparently the US government is about to break the news that they are going to take a 60% stake in GM.
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Holden: If you cant beat them, buy them. |
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01-06-2009, 12:09 PM | #338 | ||
Fiat POWAAH!
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Location: Western Australia
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11 plants to be closed with 3 others idled.
Canada will also take a 12% stake More info here: http://www.bnonews.com/news/341.html
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Holden: If you cant beat them, buy them. Last edited by DoreSlamR; 01-06-2009 at 12:20 PM. |
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01-06-2009, 01:02 PM | #339 | |||
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Announcement expected at 2am.
http://www.goauto.com.au/mellor/mell...2575C800049AD4 Quote:
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Daniel |
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01-06-2009, 01:10 PM | #340 | ||
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Albert A Koch of AlixPartners is the Government's choice for "administrator"/Chief Restructuring Officer
http://www.nytimes.com/2009/06/01/business/01gm.html?hp. |
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01-06-2009, 01:35 PM | #341 | ||
FF.Com.Au Hardcore
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Anyone want to go out on a limb and predict Holdens's future as a result of this?
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335 S/C GT: The new KING of Australian made performance cars.. |
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01-06-2009, 01:41 PM | #342 | |||
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Everything will smell like roses, that is until someone changes the locks on the door. |
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01-06-2009, 01:44 PM | #343 | |||
FF.Com.Au Hardcore
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01-06-2009, 01:45 PM | #344 | |||
FF.Com.Au Hardcore
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Quote:
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01-06-2009, 01:46 PM | #345 | |||
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Daniel |
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01-06-2009, 01:49 PM | #346 | |||
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Quote:
Ford are not in the position to cater to a 130% increase in locally manufactured product sales demand that a demise of Holden would leave that's for sure.
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335 S/C GT: The new KING of Australian made performance cars.. |
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01-06-2009, 01:51 PM | #347 | ||
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So no hope for a future 10 ltr 330KW pushrod donk in the HSV's then
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01-06-2009, 01:54 PM | #348 | |||
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Quote:
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335 S/C GT: The new KING of Australian made performance cars.. |
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01-06-2009, 01:59 PM | #349 | ||
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On ABC radio this morning everything will be sweet for Holwoo Australia
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01-06-2009, 02:24 PM | #350 | ||
Now Fordless
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I know that Holden here will be fine but I still cant figure out why GM would want to keep them.
No profit for ages, mostly rebadged cars from some other country, they offer nothing for the future. |
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01-06-2009, 02:30 PM | #351 | ||
1.3 Litre Suzuki power
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Really I dont know how anyone can predict the future of Holden. We read stuff in the Australian Media and also from GMH HQ. Unless these folks have a crystal ball or have a bat phone to the US govt, creditors, etc. How the hell can they really predict.
I have read that Holden are in a really good position to survive what is happening in the US. Great but how are they in such a strong position, where are the facts to show us Holden are going great guns? All I am reading is the Holden PR dept going ahead full steam, with the media jumping on board as well. I mean they were getting major handouts from the Australian Govt to the tune of $150 million + the other $450 million from the parent. If Holden were in such a wonderful position, why is it they are after all these handouts? Maybe the media smoke and mirrors US police car deal people have been talking about in the media, will be there to save the day for GMH. The question is can Holden really survive without the handouts from the parent and the Australian tax payers? I cant see the parent willing to throw money at Holden, when it can and will look at much cheaper options in China and Korea.
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BA series II XR6T in Blaze July 05 build. Stock as a rock EF 4lt 1995 in Green on LPG. To and from work hack. XY Fairmont 1971 in Bronze Wine, 302, Top Loader, 9" Still trying to find out if she is a GS or plain jane Monty. Mustang 1966 coupe, Silver frost, A code, C4, factory bench seat, A/C, P/S rally pac, AM radio with 8 track. Awaiting funds for resto. K6 Hayabusa....Dead Stock and why would one need to spend thousands on mods................. |
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01-06-2009, 02:31 PM | #352 | ||
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"Best position" should read "least unprofitable" (but unprofitable none the less) subsidiary of the GM family..
Bit like sitting on the stern of the titanic as if goes down bow first..
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335 S/C GT: The new KING of Australian made performance cars.. |
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01-06-2009, 02:43 PM | #353 | ||
1.3 Litre Suzuki power
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Location: Magnetic Mountain, North Western Sydney
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At the end of the say. GM US looking at its own survival and that is what the US govt will be looking at. The US Govt is concerned about its workers, stockholders and companies first and foremost. If they have to dump offshore companies to keep its head above water, then the US govt will do it. Maybe if Holden are doing great guns as we have been told, it might make the sale to another company more attractive, say over the sale of SAAB or something simular which is show far less profitability.
All I really know is GM are in a world of crap and it's going to be a mamoth task to become the empire they once were and this GMH being the "jewel within the empire" Will mean sweet FA when push comes to shove.
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BA series II XR6T in Blaze July 05 build. Stock as a rock EF 4lt 1995 in Green on LPG. To and from work hack. XY Fairmont 1971 in Bronze Wine, 302, Top Loader, 9" Still trying to find out if she is a GS or plain jane Monty. Mustang 1966 coupe, Silver frost, A code, C4, factory bench seat, A/C, P/S rally pac, AM radio with 8 track. Awaiting funds for resto. K6 Hayabusa....Dead Stock and why would one need to spend thousands on mods................. |
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01-06-2009, 03:15 PM | #354 | |||
XP Coupe
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01-06-2009, 04:19 PM | #355 | |||
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Quote:
One Company has a plan, while the other has an extended hand. |
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01-06-2009, 04:33 PM | #356 | |||
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Quote:
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335 S/C GT: The new KING of Australian made performance cars.. |
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01-06-2009, 04:45 PM | #357 | ||
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Interesting times
on the 'GM will be lean mean and cleared of debt' Chapter 11 is a way of protecting the operations of a company from debtors, not eliminating debt. Ordinary business says you must 'sell the assets to pay the debts' - this will leave a company with no assets, and no future. Chapter 11 means that the company can restructure while the law keeps the vultures at bay. On top of this protection, the governments of this world are aiding to the tune of over 60billion, but at least 60billion is actually loans. Loans disguised as purchase of equity. GM will still have to repay these 'loans' if it is to gain control of itself (from the Governments). Will it be in a better position than Ford ? ... well that depends on three things 1) how quickly the governments require their money back ? 2) will the government controlled management be any better than Ford's free market management ? 3) what will the buying public think of the arrangement ? |
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01-06-2009, 04:54 PM | #358 | |||
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BA2 XR8 Rapid M6 Ute - Lid - Tint -18s 226.8rwkW@178kmh/537Nm@140kmh 1/9/2013 14.2@163kmh 23/10/2013 Boss349 built. Not yet run. Waiting on a shell. Retrotech thread http://www.fordforums.com.au/showthr...1363569&page=6 |
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01-06-2009, 05:24 PM | #359 | |||
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The idea is that, in return for forgiving the $60b in loans, El Presidente and his Treasury whatits get 60% of the stock in the NEW GM. Over time, as the value of this share increases, the US Government will sell their share, HOPEFULLY for a profit. Now if they've loaned $60B and they get 60%, that would mean the company would need to be valued at $100b at some stage for them to get their cash back. Can someone tell me what Toyota's market cap is? And if GM's was EVER $100bn? |
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01-06-2009, 05:27 PM | #360 | |||
XP Coupe
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GM must have a plan, otherwise no handouts, I hope it works out for them too, although like any company that has been operating insolvent for so long they deserved to be wound up. I know if my company was running on less than empty, I am bound by law to appoint an administrator. It seems the three biggest automakers in the US have been exempt from such a responsibility and in the end workers and creditors have lost out bigtime. |
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