GM Collapse could take down Toyota, Honda, etc
Haul'n the Family
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GM Collapse could take down Toyota, Honda, etc
When the big tree falls, it crushes all the smaller trees in the forest under it. If you didn't think GM's possible collapse could effect your other favorite automakers, read this:
GM collapse could spell disaster for Ford, Toyota, Honda
Scary stuff.
GM collapse could spell disaster for Ford, Toyota, Honda
Scary stuff.
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I don't really agree with this article.
Yes the suppliers of the parts will have a lower demand but would it really cause them to go under? I would think that it would cause them to raise their prices on the parts due to the lower demand for them.
Yes the suppliers of the parts will have a lower demand but would it really cause them to go under? I would think that it would cause them to raise their prices on the parts due to the lower demand for them.
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then you don't understand the way modern business works. Everything is based on forecasts and credit. Big business's commonly operate mostly on credit and nearly 0 capital. It is a flaw that is proving to be a huge contributing factor to our economic undoings. So these suppliers are forecasting that 85% of their income comes from an automaker (which is easily true), and then suddenly don't get paid 85% of the income, a credit company is going to lower that company's credit limit. This means massive lay offs.
If one of the big three falls, it is going to be u-g-l-y around this country. Systematic collapse comes to mind
If one of the big three falls, it is going to be u-g-l-y around this country. Systematic collapse comes to mind
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^That is controversial. Ford Mustang, Chevy Corvette and Camaro. Hell the Cobalt SS is a pretty cheap fast sporty looking car.
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All if well taken care of will last 150K miles + with minimal maintenance.
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thats funny!!! The import guy (^^) says american cars are POS' while the domestic guy (^) is saying that they are good quality cars! who'd thunk that one! made me lol! I dont agree with the article tho...I think imports will stay good and still have a consumer base if domestics fall!
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^Ironic right? I like Imports also, as grocery getters and econo boxes.
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Typical muscle car fanatic! Lame.
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Im not denying that the failure of GM would be huge, but that article doesnt do much to back up its assertions. It basically sounds like the global automotive industry will collapse because the Automotive News and one analyst from one economic forecasting company say so. It says nothing about how reliant any of the automakers are on U.S. supply companies and likewise about how reliant the suppliers are upon GM vs. other companies.
There would be a shockwave if GM went under, but to say that the entire global industry would go down because of it? I'm not buying it based on two opinions and no facts. Sorry.
There would be a shockwave if GM went under, but to say that the entire global industry would go down because of it? I'm not buying it based on two opinions and no facts. Sorry.
