http://www.christonium.com/automotiv...12366836531213

 

Doesn't matter. World's going to end on 12/21/2012 anyway

http://www.2012endofdays.org/general/why-2012.php

 

[eeyore]We're never gonna make it......we're doomed......[/eeyore]

 

 

Been watching too much of the History Channel too, I see.

 

We need an Eeyore smiley

 

I wonder what they're going to air once 12/22/12 rolls around?

 

Did anybody read this last paragarph...

That last line is not exactly a ringing endorsement of the idea that we will see a "Depression era" typ of colpase and tells me that this author doesn't really even beleiven the BS he's pushing.

Things are bad but if you believe this autohr, we should all be buying guns, ammunition, and canned goods and heading for the hills!

 

http://www.smileydesign.net/smiley/w...oohsmileys.htm


Found another:

 

A bunch of disappointed religious sects.


Same thing when 1/1/2000 rolled in. No plane crashes. No nuclear holocaust. No Armageddon.

 

Nicely done.

 

Not only did huge companies like GM and Ford survived the Depression, small companies like Studebaker, ******-Overland, Reo, Packard, Nash, made it through the Depression. Hudson was even created during the Depression (1936).

What enabled those companies to survive is that they not only used the good years to stockpile money and resources (the 20s boom was dwarfed by the boom of the 90s and even the continued extreme automotive sales numbers of this decade). They also had sound business practices in which they kept their ability to respond to the market quickly and and didn't base their entire business model on the idea that they could spend money like a drunken sailor on liberty (during good times, no less) and run up debts they could almost never payoff.

GM by it's shear size should be able to drift through this recession as if it's barely more than a speed bump. But GM was on the edge of bankruptcy even before the economy tanked, and hasn't exactly shown the ability to act quickly to a changing market. But even Ford and Chrysler based most of their income on the very venerable truck market.

The fact that today's US car companies are at risk during a recession that to date is no worse than the one of the early 80s, the mid 70s, or even the late 50s, and not the decade long Depression of the 30s, is telling on how poor management practices are today.

Toyota & Honda have the same labor union and pay issues as US makers (even moreso with the job-for-life practices they had till just recently) and at least 30 years of competing with the Japanese which was more than enough time to turn around opinions let alone catch up and pass imports on quality and percieved quality and design. Yet, Toyota & Honda has a vault full of money, and is likely to make it through the recession. While Ford is in the pit with GM & Chrysler, at least they managed to keep themselves afloat far longer, and despite being about half the size, and now finds itself with about 4 times the market value of GM.

The Great Depression didn't decimate the US auto industry.

This recession stands to... and it hasn't quite yet made it to the recessions of the 1970s or 1980s.

 

Oh. So. Perfect! Thanks

(I hope you realize, this is lilke handing a can of spray paint to an urban graffiti artist )

 

Ah don't look now, but last I heard, all of the above are just a flyin' off the shelves all over the country! The automarket is but a tip of the iceberg. History repeats when we make old mistakes!