Sterling recovers

[sasguru]

So you think that having manufacturing capacity in USA, which is a big customer, is somehow a bad thing and sign that Germany is losing it's manufacturing?

Hint - they do it to:
a) reduce currency risk
b) save on deliveries
c) this was all setup when their currency was strong (so good time to invest)

This is not bad outsourcing - I would not have minded if UK kept its industry if it was shifted in parts to where the biggest customers are, but reality is that UK given up on industry totally wasted hard work of previous generations, where as Germans (and the French) managed to keep majority of their stuff and they sure as hell will still have it - that's because they have got balls to confront difficult problems and don't jump to quick short term solutions that would pay big Xmas bonus but screw up everyone down the line - in other words they do totally opposite what the City does.

As usual you ignore stuff that doesn't fit in your crap world view.
If the Germans motor companies are so good why are they going cap in hand to their government?

http://www.motoring.co.za/index.php?...icleId=4716873

In the end the British way is best - you only postpone problems by subsidising industries that should be killed off.
BTW every single expert in the car industry knows that there is excess capacity. The coming recession will mean that there is a lot of consolidation in the industry and that includes the German.
Here's my prediction - 2 or 3 German names will go bust and be bought up by larger rivals.

[AtW]

If the Germans motor companies are so good why are they going cap in hand to their government?

Who doesn't? They are not stupid - even if things are good but they see opportunity for cheap finance they'd sure as hell ask for it. As soon as banks were bailed everyone else wanted piece of the action.

Instead of picking on german car manufacturers you should focus on UK ones - or even on those foreign manufacturers (including German) that still make cars in the UK, they also want financial help.

Frankly UK itself has no car industry to speak off after Rover was totally decimated (and cost of keeping them was a fraction of cost spent on bank bailouts), so you are really not in position to think that Germany is in trouble - they are but they will handle it, where as UK has lost its car industry almost totally (I don't count cheap assembly of cars without R&D).

[AtW]

In the end the British way is best - you only postpone problems by subsidising industries that should be killed off.

Who are you to tell other countries what they should kill off? UK killed everything off now apart from civil service that is heavily subsidised, is that the model you want Europe to follow? I doubt they'd like it, they are certainly not as stupid to try to follow it: UK is going to turn into Italy with harsher climate.

BTW every single expert in the car industry knows that there is excess capacity. The coming recession will mean that there is a lot of consolidation in the industry and that includes the German.

Indeed, too many car manufacturers - one of the big 3 in US will go bust, maybe a couple of big ones but still Germany will keep at least 2 big ones, I reckon all of them actually.

[Cyberman]

As usual you ignore stuff that doesn't fit in your crap world view.
If the Germans motor companies are so good why are they going cap in hand to their government?

http://www.motoring.co.za/index.php?...icleId=4716873

In the end the British way is best - you only postpone problems by subsidising industries that should be killed off.
BTW every single expert in the car industry knows that there is excess capacity. The coming recession will mean that there is a lot of consolidation in the industry and that includes the German.
Here's my prediction - 2 or 3 German names will go bust and be bought up by larger rivals.

Just about every company except food retail is going to their government at the moment. Nobody is buying, especially luxury goods, and we have the biggest liquidity crisis in history. You haven't got a clue, as usual, cretin !!