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The Pub For General Automotive Related Talk |
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01-06-2009, 05:29 PM | #361 | |||
He has, the Knack..
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Location: Sydney
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Quote:
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01-06-2009, 05:30 PM | #362 | |||
Force Fed Fords
Join Date: Aug 2005
Location: Enroute
Posts: 4,050
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Ford did a different deal, but strictly no government money.
Either way, for all of those employed in GM and their companies, I hope not too many people lose their jobs.
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01-06-2009, 05:37 PM | #363 | ||
XP Coupe
Join Date: Jan 2005
Posts: 2,098
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Yes brand loyalty is all well and good, but many people have suffered because of poor management of the companies and the US finacial markets. It must be devastating to lose a job you have had for life and see your pension go down the gurgler with it.
Interesting timeline: http://business.theage.com.au/busine...0601-bshx.html |
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01-06-2009, 05:54 PM | #364 | |||
Cobblers!
Join Date: Mar 2005
Location: The Shire, NSW
Posts: 4,489
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If Holden are in trouble/close down, that is the end of Ford Australia. Competition breeds competition.
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01-06-2009, 05:55 PM | #365 | |||
FF.Com.Au Hardcore
Join Date: Mar 2009
Location: Barellan Point
Posts: 571
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Yeah because the 2000 odd falcons sold monthly dont count for anything and if holden shut down all the ex commodore buyers and falcon owners will go and buy a daewoo instead? Give me a break. |
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01-06-2009, 05:59 PM | #366 | |||
VFII SS UTE
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Location: Central Coast
Posts: 6,353
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Quote:
source from overseas, this is still not good for ford and the buying public.
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01-06-2009, 06:10 PM | #367 | |||
FF.Com.Au Hardcore
Join Date: Mar 2009
Location: Barellan Point
Posts: 571
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Remember the magna? the big 4 family sedans, what happened? Holden, Ford and Toyota picked up sales. People had this perception that if holden closes it'll be mad max II or something. Companies will downsize, Toyota and Ford will pick up sales. Thats it. The world wont stop turning. Australia wont become a barren waste land. The buying public will move to a different product. |
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01-06-2009, 06:20 PM | #368 | ||
XP Coupe
Join Date: Jan 2005
Posts: 2,098
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I thought the large car segment continued to shrink after the demise of the Magna?
I see the Oz Govt is about to underwrite $550 milliion to Ford dealers. The US conditions aside, it's pretty obvious our local car industry is universally dependenet on taxpayer dollars, to survive, whatever the brand. The govt has also hinted it will underwrite Holden if a worst case scenario occurs. |
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01-06-2009, 07:20 PM | #369 | |||
FF.Com.Au Hardcore
Join Date: Mar 2005
Location: Newcastle
Posts: 3,246
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There was talk a few months ago to setup a fund backed/guaranteed by the Aus Fed Gov't and funded by the big banks to replace the car-financing after GMAC & Ford Credit stopped making new loans. AFAIK The Aus Gov't is not underwriting any Ford dealers. Is this what you are confused with?
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01-06-2009, 07:22 PM | #370 | ||
FF.Com.Au Hardcore
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Posts: 14,654
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Isnt this thread about GM's bankruptsy? not Fords position???
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01-06-2009, 07:24 PM | #371 | |||
FF.Com.Au Hardcore
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Location: Newcastle
Posts: 3,246
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Quote:
I wasn't saying it would be good to see GM Holden / HSV go by the wayside (except of course to rid ourselves of that scummy Tom Walkinshaw - which is a different matter entirely.) I've always maintained that keeping manufacturing in Australia is an essential. I was saying, it will be great to see Ford / FPV giving GM Holden / HSV a flogging in the V8 performance car division with a much superior new V8 versus what will be a non-improved GM product.
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01-06-2009, 07:28 PM | #372 | |||
FF.Com.Au Hardcore
Join Date: Mar 2005
Location: Newcastle
Posts: 3,246
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Quote:
GM are the ones in serious trouble. GMH are highly endangered.
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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, 07:30 PM | #373 | |||
XP Coupe
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01-06-2009, 07:32 PM | #374 | |||
\/\/\/\/\/\/\/\/
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01-06-2009, 07:33 PM | #375 | |||
Cobblers!
Join Date: Mar 2005
Location: The Shire, NSW
Posts: 4,489
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Quote:
I do get a little annoyed at people who are happy that GM is in the pooh, and those that think Holden closing down would be a good thing. Not only would it be a bad thing, but would cost many thousands of jobs. Ford need Holden, and Holden need Ford.
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01-06-2009, 07:33 PM | #376 | ||
3000 CCA STARTER MOTOR
Join Date: Mar 2008
Posts: 165
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What a touchy subject. As a ford man is it good or is it bad?
I say bad. The heritage will be lost and it just won't be the same. Sad really. For the ford blokes that think this is great it's not. We are doing OK and very well in the V8 Supercars we don't need anymore victorys. |
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01-06-2009, 07:44 PM | #377 | ||
Now Fordless
Join Date: Aug 2005
Location: Fremantle, WA
Posts: 3,611
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When do we hear from GM themself on the bankruptcy? I thought an anouncement was supposed to be made a few hours ago.
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01-06-2009, 07:49 PM | #378 | |||
IWCMOGTVM Club Supporter
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Quote:
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Daniel |
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01-06-2009, 07:53 PM | #379 | |||
Now Fordless
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Location: Fremantle, WA
Posts: 3,611
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01-06-2009, 07:56 PM | #380 | |||
XP Coupe
Join Date: Jan 2005
Posts: 2,098
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Quote:
US vehicle sales are down from 17million in 2005 to 9million. In anyone's books that's dire news for all concerned. The only thing that is going to keep May sales around April's is a spike in Chrysler business. Analysts are worried Ford may be the biggest loser when GM emerges from chapter 11 leaner, debt relieved and govt backed. This is why they suffered a one day 17% drop in share price. Ford are after trophy sales while GM are in limbo, but they are still losing sales volumes. Ford's position is very relevant to GM's fortunes and vice versa. For your record please read my previous posts. I have stated quite clearly I think Ford should be rewarded for their business accumen and GM pinged for very poor management. It's your choice to actually read what I say or continue to wear rose coloured glasses. |
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01-06-2009, 08:01 PM | #381 | |||
XP Coupe
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01-06-2009, 09:26 PM | #382 | ||
Guess Who's Back?
Join Date: Feb 2008
Posts: 1,369
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An interesting podcast on the difficulties facing the automotive industry globally. It also touches on GMH & Ford AU (possible future or not of Falcon).
http://www.caradvice.com.au/31861/ca...h-tom-elliott/ |
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01-06-2009, 09:33 PM | #383 | ||
7,753
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Location: Tasmania..... Moderator: Tas FPV club
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BREAKING NEWS: The Pity Train has just derailed at the intersection of "Suck It Up & Move On" after it crashed into "We All Have Problems" before coming to a complete stop at "Get the Hell Over It." Reporting LIVE from Quitchur Bitchin' |
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01-06-2009, 10:09 PM | #384 | |||
You dig, we stick!
Join Date: Mar 2006
Posts: 7,461
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Quote:
I do agree, they (GM) will come out of all this alot better off than they are at the moment, but that is obvious, isn't it? However, it's to the detriment of their own reputation, and even worse, the detriment of tens of thousands without jobs. They were too stubborn to restructure. It was as far back as the early eighties they were advised to shape up... plenty of warning... now they get a "get-out-of-jail/gaol" card.
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"....You don't put the car through engineering" - Rod Barrett. |
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01-06-2009, 10:11 PM | #385 | |||
You dig, we stick!
Join Date: Mar 2006
Posts: 7,461
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Quote:
I do agree, they (GM) will come out of all this alot better off than they are at the moment, but that is obvious, isn't it? However, it's to the detriment of their own reputation, and even worse, the detriment of tens of thousands without jobs. They were too stubborn to restructure. It was as far back as the early eighties they were advised to shape up... plenty of warning... now they get a "get-out-of-jail/gaol" card.
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"....You don't put the car through engineering" - Rod Barrett. |
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01-06-2009, 10:11 PM | #386 | ||
Regular Member
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01-06-2009, 10:13 PM | #387 | |||
You dig, we stick!
Join Date: Mar 2006
Posts: 7,461
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Quote:
I do agree, they (GM) will come out of all this alot better off than they are at the moment, but that is obvious, isn't it? However, it's to the detriment of their own reputation, and even worse, the detriment of tens of thousands without jobs. They were too stubborn to restructure. It was as far back as the early eighties they were advised to shape up... plenty of warning...
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"....You don't put the car through engineering" - Rod Barrett. |
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01-06-2009, 10:14 PM | #388 | ||
Regular Member
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Location: Central Coast, NSW
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01-06-2009, 10:18 PM | #389 | |||
You dig, we stick!
Join Date: Mar 2006
Posts: 7,461
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Quote:
I do agree, they (GM) will come out of all this alot better off than they are at the moment, but that is obvious, isn't it? However, it's to the detriment of their own reputation, and even worse, the detriment of tens of thousands without jobs. They were too stubborn to restructure. It was as far back as the early eighties they were advised to shape up... plenty of warning...
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"....You don't put the car through engineering" - Rod Barrett. |
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01-06-2009, 11:50 PM | #390 | |||
IWCMOGTVM Club Supporter
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Some more on the filing for bankruptcy.
http://news.theage.com.au/breaking-n...0601-bt2v.html Quote:
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