loquasagacious
NCAP Mooderator
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- Aug 3, 2004
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- 2004
Any idea who is buying Fuji Heavy Inudustries.
But yeah Slip's basically right sales are down, costs are up so they loose money. I would suggest that sales are down because of oil prices and a weak US economy and that costs are up because of an ageing workforce and high world commodity prices (eg BHPBilliton wins but GM looses).
Domestically here in Australia Holdens not doing the greatest either. I think across the entire GM brand product cycles are compounding the problem.
We should remember though that its hardly the first time a car companies been loosing money, GM isn't going to disappear overnight. Ford didn't, Nissan didn't etc etc.
I would expect to see GM trim alot of fat especially from management and US factories. Scale back and consolidate world wide because alot of the problem is overextension in adverse conditions.
But yeah Slip's basically right sales are down, costs are up so they loose money. I would suggest that sales are down because of oil prices and a weak US economy and that costs are up because of an ageing workforce and high world commodity prices (eg BHPBilliton wins but GM looses).
Domestically here in Australia Holdens not doing the greatest either. I think across the entire GM brand product cycles are compounding the problem.
We should remember though that its hardly the first time a car companies been loosing money, GM isn't going to disappear overnight. Ford didn't, Nissan didn't etc etc.
I would expect to see GM trim alot of fat especially from management and US factories. Scale back and consolidate world wide because alot of the problem is overextension in adverse conditions.