Top Ten Valuations
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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 |