http://www.autoblog.com/2008/11/04/mercedes-offers-buyouts-to-all-alabama-workers/
OUCH!
http://www.autoblog.com/2008/11/04/mercedes-offers-buyouts-to-all-alabama-workers/
OUCH!
Why are you surprised?
carguy123 wrote: Why are you surprised?
not at all.. but basically shutting down a plant.. I got friends who work at neighboring plants.
Not limited to luxury brands....
Latest sales figures:
GM down 45%
Ford down 30%
Nissan down 33%
Toyota and Honda down 20%
M-B down 34%
http://www.marketwatch.com/News/Story/auto-industry-sees-darkest-days/story.aspx?guid=%7B8456584C%2DC740%2D4D7E%2DB884%2D7F0A2E9E7E3D%7D
"GM's 45% drop plumbed the lowliest of Wall Street's grim projections, while potential merger partner Chrysler posted a 35% decline."
whoops, it looks like a bad time to sink my ebay profits into GM stock. When is that new Camaro coming out?
It seems that people have realized that you rarely need a new car. New cars are for rich folks 
That's one kind of trickle-down that works!
I was in Mexico recently and was watching one of the English language channels there. There was a program talking about how car sales are WAY down, how a large percentage of the country works in the auto related industries and how the government is trying to figure out how to help the companies...
...then I figured out that the program was about Germany!!!! Very strange, but it is pretty much the same everywhere. Germany actually has it worse though, I think they said is was something like 60% of the population works in the auto related industries. I think the US is more around 40% (which is still pretty scary)
Volkswagen Sales Up 10.7 Percent - Best October Since 1974 ...
That Brooke Shields Minivan must really be saving the day?
A product line with most vehicles getting 29mpg + and a new diesel that is presold for 18 months helps.
The BS commercials were funny whenever my pregnant wife came to pick me up at work, that was it.
They never said they were shutting down the plant only scaling back.
Next we'll be reading about how the will be changing the production line to produce a different model.
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