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Originally Posted by mikmak
On the contrary, I'd bet the Mitsu workers must have been nervous leading up to the release of the last of the Magnas
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Not really, better let you know some facts.
They had an export agreement to ship 220 Magna...aka...Diamante to the US based on third world ausssie labour rates based on 50c against the US dollar.
They were producing 270 cars aday and exporting 220.
That's why the SA government was happy to prop them up.
Workers were very happy and secure.
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Originally Posted by mikmak
(I know, 380 but it's still a magna).
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why not call it a Valiant or Charger?
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Originally Posted by mikmak
Whilst they had significantly improved fit and general quality (especially over the US version), it still had the same major bug bears of Large FWDs. Can't park, can't steer and go at the same time. It also had crap rear head room and a centre console with buttons from a Chinese market radio.
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Sorry you're way off...you may want to drive one first.
They won numerous awards in numerous categories for the 380.
Your comments are simply liberating some critics opinion.
Show me any other Australian built car that came with a 10 year warranty?
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Originally Posted by mikmak
They didn't build a vehicle that had the necessary requirements to increase market share. Even more so, they were victims of the same foe that has gotten the world in the crapola that it is currently in. Speculators.
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It had nothing to do with having the right product, you are misinformed.
Read above...220 of the 270 magnas produced were exported when the aussie dollar was 50cents against the US.
The dollar got to almost one for one when the 380 was launched...the US market wasn't going to pay Aussie workers to build it...too expensive.
So the Japs started manufacturing in the US.
Nothing to do with FWD, boring stereos or cosmetics.
Just that our currency got too high, and we were being used as third world labour for the Americans.
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Originally Posted by mikmak
Media coverage of the impending death compounded the problems at Mitsu.
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The nail was in the coffin regarding the no export contract.
Believe it or not...their timing for closing the factory was perfect....all workers were paid their entitlements, they got a good price for all stock and equipment and Mitsu are doing alot better than Toyota as a result.
I don't see any headlines about Mitsubishi in danger of bankruptcy like GM.
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Originally Posted by mikmak
Cash relies heavily on confidence, as does any commodity. Folks watching the nightly 6 o'clock horror show, get their opinions from news channels that predominantly angle a story to look worse than it is, in order to generate more follow on viewership. Market speculators know this and sell based on which way they assume the public will react. Once they sell big, it hits the financial pages making Joe Public think it's even worse.
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No mate, you can't talk up an economy that has no actual money to grow.
Did you know that the banks don't have enough money if everyone went to withdraw all their funds?
Betcha they offer you a free bank cheque instead...
It will get worse, no matter how much confidence is exuded.
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Originally Posted by mikmak
Now you can't blame Joe. He doesn't have time to investigate every occurrence outside his level of understanding. This recurring decay of stock price gives rise to short selling, hence it being poo-pooed by the feds.
The US government has tried to get around negative public perception in regard to GM and Chrysler by assuring Joe that the warranty on his Silverado will hold water, no matter what the outcome. This will be the real decider on whether or not GM can turn around. Convince the public that GM can be okay and the speculators will follow.......creating another bubble |
Average Joe has one huge problem that stops him from buying a new car..
He ain't got a job no more.....