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Blog

To Bail or to Fail?

GM, Ford and Chrysler collectively want $34bn from the US taxpayer. With the market valuations of these companies at around a quarter of this figure it makes you wonder if it’s worth bothering, even with all the jobs at risk.

With not even China accepting American made cars as imports (they don’t meet the emissions tests) who are they going to sell these under engineered, highly inefficient, polluting, gas guzzling beasts to?

How long is it going to take to change the entire design of their product and put them into a very highly competitive market and actually do well and make profit? Er… well they have know about this for 20 years and done nothing…….

http://uk.reuters.com/article/innovationNewsConsumerGoodsAndRetail/idUKTRE4B50CL20081208

http://uk.reuters.com/article/basicIndustries/idUKN0646586520081208

http://www.bloomberg.com/apps/news?pid=20601087&sid=arIbEIdXjiYA&refer=home

BMW and Mercedes not immune to Credit Crunch

The iconic motoring brands saw recent sales fall by more than 25%. What’s more worrying is that these are the most affluent consumers. With no car finance available to the ‘average Joe’, expect to see the ‘average brand’ sales fall off a cliff, not to mention the value of your car.

http://uk.reuters.com/article/governmentFilingsNews/idUKL56331020081205?pageNumber=2&virtualBrandChannel=0

http://business.timesonline.co.uk/tol/business/industry_sectors/banking_and_finance/article2469491.ece

Bye Bye Button

Honda’s given up on Formula 1, or maybe Honda just got fed up of Jenson

Button salary per point. Not exactly performance related pay….

http://www.pitpass.com/forum/viewtopic.php?p=153362&sid=aee148cbda3b1dd17a60a32c710bc6d3

Electric Car makers Struggle too!

With a price tag of $100,000 for the Tesla, it’s not exactly affordable motoring for the masses. Maybe the

new Mini E is more the future….

http://online.wsj.com/article/SB122849893450683261.html

http://news.bbc.co.uk/1/hi/business/7760787.stm

Bagpuss creator meets his maker

Don’t worry, Oliver Postgate’s much loved ‘saggy old cloth cat’ will live on in 13 episodes. You can here the mice cry ‘we will mend it, we will mend it’, sorry guys you won’t be mending this one.

Postgate was also the creator of the ‘Welsh Thomas the Tank Engine’ also known as ‘Ivor the Engine’, and the bizzaro world of Clangers.

http://www.independent.co.uk/arts-entertainment/tv/news/oliver-postgate-bagpuss-creator-dies-aged-83-1058432.html

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