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From China to the U.K., Germany, Canada and the U.S., companies have announced at least 38,000 job cuts in the past six months.
It may be just a beginning: Daimler AG’s departing chief executive officer, Dieter Zetsche, on Wednesday warned sweeping cost reductions are ahead to prepare for unprecedented industry upheaval.
“The industry is right now staring down the barrel of what we think is going to be a significant downturn,” Bank of America Merrill Lynch analyst John Murphy said at a forum in Detroit on Tuesday, adding that the pace of decline in China “is a real surprise.”
Carmakers are cutting shifts or closing factories altogether across the globe, but the culling goes beyond that. Several recent rounds also target salaried workers, reflecting sluggish sales in the world’s two largest auto markets -- China and the U.S. -- and the pivot auto companies are making toward a future of electric and self-driving vehicles. Ford Motor Co. said Monday it will eliminate 7,000 jobs, or 10% of its white-collar workforce worldwide.
The downturn could be exacerbated by higher tariffs threatened by the U.S., which a trade group representing a dozen of the largest domestic and foreign carmakers warned could put 700,000 American jobs at risk. Toyota Motor Corp. and the Japanese car industry condemned the possible levies in strongly worded statements in recent days.*********************************************
Not looking promising, Mike isn't buying a new car soon, Oldfarmer still likes his Mustang, my car has less than 20k miles on it, GGs looking but not too serious, Snake is going to keep his Sebring going for another year, dino's car is pretty new still, Stick ain't ready to buy yet. Who is in the market?
2017 MB E400 , 2015 MB GLK350, 2014 MB C250
2019 Kia Soul+, 2015 Mustang GT, 2013 Ford F-150, 2000 Chrysler Sebring convertible
2019 Kia Soul+, 2015 Mustang GT, 2013 Ford F-150, 2000 Chrysler Sebring convertible
You are doing your bit....sorry, seniors moment brain malfunction.
2017 MB E400 , 2015 MB GLK350, 2014 MB C250
2017 MB E400 , 2015 MB GLK350, 2014 MB C250
Apple pie with real pie crust with lots of fats! Ice cream on top.
2014 Malibu 2LT, 2015 Cruze 2LT,
So-called yearly “record sales “have been in both markets US app 17.5 M and the China app 18.4 M. Almost NO article dealing with the coming sales “CARpocalypses” gives out real number projections.
It is unknown what each’s yearly used car markets were.
To wit, during the 2008/2009 financial crash, hindsight indicates a US market yearly sales of 10.5 M units. It was obvious in terms of the records, 7.5 million USA or so people did NOT buy new cars off of record highs.
On the other hand, I bought a new 2009 VW Jetta TDI. Not only were the (VW) dealers wanting to make a to any (great) deal/s, the IRS gave a $1,300 tax credit (= to app a $4,663 tax DEDUCTION) for that TDI (up to 60,000 units). The percentage price of money made it a no brainer to borrow & NOT pay... cash. We put app 120,000 miles on the VW before a great thing happened. This, in turn made even greater things happen. 🤑
To me, EV’s aren’t ready for prime time. So any new ICE car purchase should be able to delay an EV car purchase for easily 11.5 years. It can be no surprise that kWh rates are RISING. Here in NORCAL one can not reasonably expect a bankruptcy gas & electric company to come off of already astronomical $ .37 cents per kWh rates.
So for example a gas hybrid (Toyota Prius) 2004 (in my mind) took approximately 10 years to 15 years to prove itself in the marketplace. Toyota also committed untold billions of $’s in R&D to get hybrid to markets & countless redesigns. The problem for a number of years to now is that hybrids are considered passé.🎭 I understand Toyota “Prius” sales are down precipitously. It casts severe doubt on the hybrids efficacy & of the hybrids in other models, such as the Toyota Highlander H, Lexus RX350 H, etc,..com. Even Edmunds.com indicated the hybrids $’s extra premiums are not worth the fuel savings, no matter how outstanding those products are.
2011 Hyundai Sonata, 2014 BMW 428i convertible, 2015 Honda CTX700D
2011 Hyundai Sonata, 2014 BMW 428i convertible, 2015 Honda CTX700D
2020 Acura RDX tech SH-AWD, 2023 Maverick hybrid Lariat luxury package.
2017 MB E400 , 2015 MB GLK350, 2014 MB C250
And pretty much any day of the week, you can get $15k off sticker on a new Silverado.
2019 Kia Soul+, 2015 Mustang GT, 2013 Ford F-150, 2000 Chrysler Sebring convertible
Mine: 1995 318ti Club Sport-2020 C43-1996 Speed Triple Challenge Cup Replica
Wife's: 2021 Sahara 4xe
Son's: 2018 330i xDrive
FWIW we saw Avengers Endgame. The hype is real. What a movie. I’m not really into the comic book thing overall but very entertaining none the less.
@graphicguy and @roadburner I can’t wait to get this one fired up on the home system. Tons of great sound effects.
I'm jazzed for Godzilla KOTM. Cannot wait!
Mine: 1995 318ti Club Sport-2020 C43-1996 Speed Triple Challenge Cup Replica
Wife's: 2021 Sahara 4xe
Son's: 2018 330i xDrive
2017 MB E400 , 2015 MB GLK350, 2014 MB C250
2020 Acura RDX tech SH-AWD, 2023 Maverick hybrid Lariat luxury package.
needwant a car!2017 MB E400 , 2015 MB GLK350, 2014 MB C250
But, if someone wanted to make me a Godfather offer on the RDX as a trade, well, the wife might go for that. Even though it isn't in the budget yet. I have that on the list as a reward for when the rest of the HELOC is paid off.
2020 Acura RDX tech SH-AWD, 2023 Maverick hybrid Lariat luxury package.
jmonroe
'18 Legacy Limited with 3.6R (Mrs. j's)
2011 Hyundai Sonata, 2014 BMW 428i convertible, 2015 Honda CTX700D
2011 Hyundai Sonata, 2014 BMW 428i convertible, 2015 Honda CTX700D
2014 Malibu 2LT, 2015 Cruze 2LT,
2014 Malibu 2LT, 2015 Cruze 2LT,
can you recommend a particular system for this, and what should they expect to have to spend on it (not including all the usual plumbing work)?
2020 Acura RDX tech SH-AWD, 2023 Maverick hybrid Lariat luxury package.
The trouble with being retired is that you have time to do things but it hurts too much to do most of them.
Oh yeah, I also did some concrete work and cleaned up the basement yesterday. I thought this was a vacation weekend.
One nice thing, I discovered that my company gives you the equivalent of sick time which accrues based on hours worked. This can be used for any reason so I put in for Monday where I normally would lose a day pay because of the holiday. This job just keeps getting better.
2019 Kia Soul+, 2015 Mustang GT, 2013 Ford F-150, 2000 Chrysler Sebring convertible
2014 Malibu 2LT, 2015 Cruze 2LT,
Problem with Tahoes, as others mentioned, they are way overpriced. It would probably take another $10K off in addition to the $15K rebate they currently have. That might not get it done, either. You can get a Toyota 4 Runner, Volvo XC90, Acura MDX, Audi Q7, Kia Telluride, etc for less. And, as much as I loved my Tahoe, the afore mentioned vehicles would be better vehicles.
@roadburner ....I just bought a barely used 18” sub from a now defunct company. It’s a beast. Will probably get it hooked up and dialed in today and tomorrow to see how it does. My son took me to ENDGAME when it first came out. Agree with you assessment of the movie....WOW! I think my new sub is meant for a movie like that.
With my luck, by the time I need a new one, the balance will be restored, either by lower supply, or by demand pickup. Even if I got a superdeal on the new car, the trade would likely take the savings away. But it’s fine, I buy at my own pace.
2018 430i Gran Coupe
I probably know in a week or so if my father gets approval to drive again. If not, I may be inheriting a slightly used Sentra. Depending on the terms of the lease, might make more sense to keep it and use it instead of paying to give it back. Not that I need to use it, but my wife could commute with it. plus my daughter is moving soon and will have a 90-100 mile per day RT commute, so could let her put 10K a a year on it to keep miles off her car.
2020 Acura RDX tech SH-AWD, 2023 Maverick hybrid Lariat luxury package.
"jmonroe1" I'm not in the market either.
imidazol97 We've heard that before here...
Where is our friend who wanted the NISMO, now is the time to buy!
2017 MB E400 , 2015 MB GLK350, 2014 MB C250
'11 GMC Sierra 1500; '98 Alfa 156 2.0TS; '08 Maser QP; '67 Coronet R/T; '13 Fiat 500c; '20 S90 T6; '22 MB Sprinter 2500 4x4 diesel; '97 Suzuki R Wagon; '96 Opel Astra; '11 Mini Cooper S
2019 Kia Soul+, 2015 Mustang GT, 2013 Ford F-150, 2000 Chrysler Sebring convertible
2017 Cadillac ATS Performance Premium 3.6
2020 Acura RDX tech SH-AWD, 2023 Maverick hybrid Lariat luxury package.
2019 Kia Soul+, 2015 Mustang GT, 2013 Ford F-150, 2000 Chrysler Sebring convertible
I'd have to look at the charts again but I believe almost everyones sales are down, but two exceptions seemed to be Toyota and Kia, and I think it is because they make sedans that offer a lot of car for the price....and there still is demand in that segment.
2017 MB E400 , 2015 MB GLK350, 2014 MB C250
When we took the GLK in for the super expensive A service on May 16th the advisor said too bad you didn't bring it in by May 9th, then you could have still bought an extended warranty. Yeh sure, an extended warranty on a car with 18000 miles that goes 4000 miles a year, the warranty time limit will run out long before the car should need a major repair....hopefully.
2017 MB E400 , 2015 MB GLK350, 2014 MB C250
2017 MB E400 , 2015 MB GLK350, 2014 MB C250
GM offers warranty periods that extend out a large number of years for a rather low price on a low maintenance car like my Malibu. I don't even remember how long it goes. I'll have to check on it.
2014 Malibu 2LT, 2015 Cruze 2LT,
When it is under warranty it feels like it is for free........it really bothers me to actually pay for an oil change.
2017 MB E400 , 2015 MB GLK350, 2014 MB C250
2019 Kia Soul+, 2015 Mustang GT, 2013 Ford F-150, 2000 Chrysler Sebring convertible
2019 Kia Soul+, 2015 Mustang GT, 2013 Ford F-150, 2000 Chrysler Sebring convertible