RE: Government must step in say Rover-istas
Discussion
fido said:
Note, both the French and Japanese governments were partners in the restructuring process. No real surprise then that they still have car companies.
But what good has that done France? Their economy is buggered precisely because they keep making decisions like that. It was a mistake for France to rescue Renault. The bail-out cost the taxpayer far more than they will ever conceivably recoup through taxation. The money would have created greater economic benefit if it had been directed into more productive businesses.
I see nothing wrong in principal with the state intervening to help businesses which are hit by an unexpected, and in some sense "unfair", external shock. But perpetually propping up a business that can only ever expect to run on paper-thin margins and has no potential for siginificant growth just seems silly.
I'd agree that France have done themselves no favours. I don't think that any company should be supported just because of union type pressure groups. On the other hand there is the emergent issue of an international trade war here.
Wars are like Oak Trees.
"From tiny Acorns, mighty Oaks do grow."
Nip them in the bud, and they're under control.
I reckon that the Chineese will go into Longbridge, carefully dismantle the production line, re-assemble it in China, and reprogramme it to build SAIC cars at the efficiency that the 75 was being assembled.
The majority of the working class Chineese workforce, will be laid off, and the cars will be sold to an expanding middle class in China.
The proceeds for all of this will be invested in further advancement already advanced Chineese military.
The global steel shortage is not because they're building washing machines. It's because they're building warships. That's what countries do with vast quantities of steel.
Chineese socialism will fail the chineese worker, and it will very likely cause a war in the far east.
Like our current consumer boom, sustained by low interest rates, the war in Iraq will not hold oil prices low forever.
The question is, will high oild prices spark the war in the far east, or will it just be another straw on the camels back?
I could be quite wrong, but I believe that the wider population in the UK and possibly europe, is surprisingly blind and complacent about its position in the world. We are being affected by subtle but pervasive forces from outside our country, and they are having a dramatic effect.
Again, I could be wrong, but I fear we are heading into a very turbulent period of global history, in the next two decades.
Time will tell.
Wars are like Oak Trees.
"From tiny Acorns, mighty Oaks do grow."
Nip them in the bud, and they're under control.
I reckon that the Chineese will go into Longbridge, carefully dismantle the production line, re-assemble it in China, and reprogramme it to build SAIC cars at the efficiency that the 75 was being assembled.
The majority of the working class Chineese workforce, will be laid off, and the cars will be sold to an expanding middle class in China.
The proceeds for all of this will be invested in further advancement already advanced Chineese military.
The global steel shortage is not because they're building washing machines. It's because they're building warships. That's what countries do with vast quantities of steel.
Chineese socialism will fail the chineese worker, and it will very likely cause a war in the far east.
Like our current consumer boom, sustained by low interest rates, the war in Iraq will not hold oil prices low forever.
The question is, will high oild prices spark the war in the far east, or will it just be another straw on the camels back?
I could be quite wrong, but I believe that the wider population in the UK and possibly europe, is surprisingly blind and complacent about its position in the world. We are being affected by subtle but pervasive forces from outside our country, and they are having a dramatic effect.
Again, I could be wrong, but I fear we are heading into a very turbulent period of global history, in the next two decades.
Time will tell.
charlieromeo said:
I will not support any government action to reprise the failed company that was Rover/MG.
I did not support Rover when they were trading since they did not have a product that was competative or appealing in any way. So why should tax payers money be wasted on such a failed and miserable mess?
I don't understand the argument that because we are the nth largest economy in the world we should have a major car manufacturer. Surely our economy can only be better without Rover around since money isn't be thrown into an ever deepening hole of debt?
Don't blame the chinese for making some savvy business moves, they just took advantage of the stupidity that was the Rover/MG management. Good luck to them!!
racefan_uk said:
Still can't see why the taxpayers should have to pay for a private company going down the pan by spending its cash the wrong way.
Hmmm, If I started doing that would they come and bail me out?
No, didn't think so.
Totally agree - they would have never found the investment to build from scratch two new car platform to replace the 45 / 75 (or what ever they were call last week). An that Stupid thing with the Shark fins - Utter Shite - (Ford 4.6 cammer - give me a break) at those price - you could buy a quality product!
Should have gone with the other bidder an lost a load of jobs early on and had a strong MG sportscar company - SAD that THAT did not happen, they want to find where all that 475mil form BMW went as well - government enquiry - oh yes.
jellison said:
Still can't see why the taxpayers should have to pay for a private company going down the pan by spending its cash the wrong way.
Hmmm, If I started doing that would they come and bail me out?
No, didn't think so.
Totally agree - they would have never found the investment to build from scratch two new car platform to replace the 45 / 75 (or what ever they were call last week). An that Stupid thing with the Shark fins - Utter Shite - (Ford 4.6 cammer - give me a break) at those price - you could buy a quality product!
Should have gone with the other bidder an lost a load of jobs early on and had a strong MG sportscar company - SAD that THAT did not happen, they want to find where all that 475mil form BMW went as well - government enquiry - oh yes.
Gotta agree with you here Jellison,
I dont know what it is (was) about MG/Rover cars but I never took them seriously, OK early MG's were a 'classic sportscar' whatever that is and Rover produced some of my favorites P5 etc, but later models especially those through the eighties were total crap, lets see, MG Metro, Maestro, Montego, SD1 etc and IMHO the later cars were just a re-incarantion of them, very luke warm to say the least.
Its a tough, competitive market out there and if you dont have a good product at a sensible price then ur knackered...
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