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No I dont think it is historical at all. I think that fact remains the same right now in the present. Quality in terms of "fit and finish" was always stellar for Audis in the past and the present. Nothing has changed. Audi reliability ? Histroically and today there is nothing to boast about in terms of Audi reliability. NOTHING!
Histroically my Audi 4000s was a piece of junk in fact even a bigger piece of junk than my BMW 335i.
Yeah well I used to be a Mensa member until the association found out my recent investment returns and kicked me out. :sick:
I certainly see a lot more Audis in & around my German car-loving NYC suburb than I did 5 years ago. Several of my neighbors now drive them. But without exception, all of them are leased. I don't know anyone who has purchased an Audi.
Although I had a simply dreadful Audi ownership experience many years ago, I might be willing to put that behind me & give Audi another chance if I could meet a happy Audi owner - someone who bought his car at least 5 years ago & who could tell me how well (or poorly) the brand ages. The closest I can come to that is a neighbor who's on her 3rd Audi lease & who assures me that her cars have given her very little trouble.
Well, for someone who believes that non-business leases are financially dumb & who expects to get at least 8 years out of any new car, that isn't nearly good enough.
I see plenty of E34 5-series & E-36 3-series cars around town, but I never see an Audi from that era. It's hard not to suspect that Audi builds cars for leasing - not for long-term ownership.
Remember the back-to-back diesel racing victories that happened around the same timeline of the world debut of the fabulous R-8?
The restyled front end of Audis was another significant factor.
Beautiful updated models and benchmark interir craftsmanshp.
Clembo's post said it well.
It is obvious.
Cheap cars? I think not.
Wouln't mind an R-8 in my garage.
TM
Early A4s had a sluggish 2.8l V6 (carryover from the 90/100), then the 1.8t had issues with oil sludging (to the point where VW essentially had to make their own oil to satisfy the detergent requirements they established), and both the A4 and the Passat had horribly complicated suspension systems that required rebuilding at regular intervals.
I am also wondering if the trend of BMW to "minimize maintenance" now they its on their dime has affected the longevity of their vehicles. The E36 3-series still had a relatively robust maintenance schedule, while the E46 and newer vehicles have extended service intervals.
Off to New Hampster to ski. Takin' the TL, now that it is shod with snow sneakers. Tax free shopping, woohoo!
'21 Dark Blue/Black Audi A7 PHEV (mine); '22 White/Beige BMW X3 (hers); '20 Estoril Blue/Oyster BMW M240xi 'Vert (Ours, read: hers in 'vert weather; mine during Nor'easters...)
Boy Dewey tough crowd. In the industry that I'm in we call it good strategic planning when you align new product releases that find favor with customer buying cycles. I can think of many comapnies in many industries that would like to have the same "fluke" cycle that Audi is experiencing.
He leased dozens of Audis. And is an avid fan. I haven't seen his name in a forum for ages but what makes him very interesting is the fact that he keeps repeating he would never ever want to own an Audi beyond warranty because he is afraid of the expenses.
He was one of the reasons among many why I decided to buy my BMW335i instead of an Audi. Unfortunately I would have been better off with almost any Audi.
let me be clear I would prefer the Audi A8 is known to be the best car in the segment. An Audi S, RS or R8 more than whatever is offered by German car rivals. And it is not mere coincidence that they are premium priced over the offerings of BMW.
The word "cheaper" for FWD offerings in Europe probably sounded a bit too strong. But the fact of the matter is that Audi does have a far wider selection of lower priced offerings globally than their rivals. They can do so because of VW (SUV and cars). And I dont mean saying that as if I am on some kind of Anti-Audi rampage.
Here is a current quote from the Wall Street Journal:
Audi's order rate is down by about 10% from a year earlier, Mr. Schwarzenbauer said, with demand for the smaller A3 and A4 less affected by the downturn than orders for its larger cars.
He said Audi has "a great benefit" from economies of scale through Volkswagen, Europe's largest auto maker.
Analysts view the ability to boost profit with smaller cars as crucial for luxury-auto makers as consumer tastes shift.
link title
I don't know about that. Every time I've been there, I've seen rather few Japanese cars, let alone Korean. Many EU countries also have high import taxes, which can quickly eliminate pricing advantages. Europeans for the most part tend to drive European cars (or Fords).
Indeed. I don't think anyone in the US would be caught dead with an E-class four-cylinder, supercharged or no.
It comes down to risk v. reward. German cars are generally more rewarding to drive than most, the downside is increased risk. That's why the vast majority of German luxury buyers lease. Leasing a new BMW means you pay for little more than gas over the lease period, Audi is the same if you roll Audi Care into your lease payment. BMW was also until recently offering very aggressive leases, they practically gave us an X3 just for showing up. Buying it made absolutely no sense.
I wouldn't keep any German car out of warranty for long, doesn't matter what brand. If you want to hang on to the car for longer than a typical lease, buy it and get the extended warranty, and then sell when the warranty is up. Otherwise, buy an Infiniti.
For what it's worth, I do see several C5 ('98-'04) A6s around. Not so many older A4's which isn't too surprising as the vast majority were 1.8Ts, an engine known for being a bit of a nightmare.
That is precisely why I intend to never own another German car. I keep my cars for a long time. I hate hefty depreciation expenses as much as I hate maintenance expenses.
German car complexity resembles the car corrosion problems of the 70s. During the 70s nobody wanted to keep cars too long due to corrosion and now in the 21 century nobody wants to keep a German car too long due to the costs of their complexity.
A durablity, reliability and high quality were the legendary attributes of Benzes in the past. In my opinion the prestige of an MB star has become diminished without those three important attributes.
Pardon my cynicism but sometimes I feel owning a German car nowadays has become a money status symbol in terms of the willingness to spend hefty amounts on depreciation during warranty and hefty amounts of maintenace costs after warranty. German cars are objects of prestige mainly because owning such a car would only be possible if a person is affluent and if not affluent than financially reckless.
My 83 MB 300D was a prestige car that was cheaper to own over this quarter century than any Toyota Corolla. That IMO is real pretige based on exceptional craftmanship. That is why my next luxury vehicle will end up being a Lexus (or a non-luxury Prius).
Mark's posting frequency has dropped by two (or more) orders of magnitude from what it was a year or so ago. Besides writing some of the longest posts known to man, he posted many times a day on every Audi-related board and several others. He's been MIA for months, except for the odd post here and there.
He ALWAYS leases and thinks anyone who: 1) buys a German car and/or 2) keeps it past the warranty period is well beyond wrong. I've had a number of lively conversations with him on both points, since I prefer to buy and keep cars a long time.
He does love his Audis. Between himself and his wife (who recently switched over to BMW), they have been in possession of ~28 Audis over the past couple of decades.
Very entertaining and knowledgeable poster; perhaps he'll come back one day.
Opposite point would be the A8 that you mentioned earlier as best in class. I would bet that 95% of the general public has no idea what an A8 is or what is costs. Most A8 drivers would choose any other car in that class if they wanted to flaunt status, I think that these people choose the A8 because of how it performs.
I also believe that the older issues affecting many German cars reliability has been changed. I would never say that the average German car is more reliable than a top Japanese car but they are much better than the old days - like your 4000. The people that buy German cars do so knowing that if they keep them beyond the warranty period they may be taking on higher repair bills but the trade off for driving enjoyment must be worth it.
Sorry, but I must disagree with you there. After many years with a Lexus LS, I didn't switch to the S6 in order to say "Look at me! I can actually afford to drive this money pit!" I switched because I became bored driving what is essentially the ultimate Camry. The S6 is sexy, its reflexes are sharp, and it invites you to enjoy the drive. The LS invites you to take a nap.
I still think German buyers fall into the usual two categories - those just after the badge, and those that opt for the sport package and the MT.
Your thoughts mirror mine, but I would like to throw in my wife`s bmw sport wagon....It really is an enjoyable safe car, that has the added feature of being able to go to Lowes and carry bulky things--like peat moss from Canada--The interior is durable and it surely doesn`t mimic flaunt....The rx before it could do the same, but even better in the carrying department.. not driving....It has been a fine car, which we purchased four years ago and plan on keeping for a while.. We had Lexus cars and suv for the past twenty years or so, and I will probably go back for my next car as the price is way cheaper than the a8, or at least I think so.....I`l find out in a year or so.....but who knows...Tony
Audi Feb 2009 - Cars - 3,588 Feb 2008 - 5,022 ( -28.6%) YTD Feb. (-25.6%)
Total Audi US - Feb 2009 - 4,653 Feb 2008 - 6,152 ( -24-4%) YTD Feb. (-25.6%)
MB and BMW are more than double Audi's volume and share. They have a long way to go.
Regards,
OW
Regards,
OW
TM
That's not exactly a ringing endorsement of German engineering. Still, my hunch is that Audi trails the pack when it comes to long-term reliability. My 330i, now in its 8th year, has given me very little trouble. I'm reasonably confident that I can get another couple of years out of it without heroics.
Even so, I wouldn't own a German car if the other cars in our family weren't Japanese. I'm not brave enough (or crazy enough) to rely exclusively on the Germans to get around.
My next car might well be an Infiniti if I decide that I'm too old to keep driving a stick. Without manual transmissions, German cars really aren't that much more fun to drive.
One more point: extended warranties are a lousy way to manage post-warranty repair costs. Most authorities on personal finance recommend against them. A much better approach is to bank a couple of hundred each month while the factory warranty is in effect. That way, you keep the interest & stay in control. Anyone thinking of buying a mid-luxe German car who can't afford to do this should play in a cheaper sandbox.
Every E550 owner knows. As for E350 owners, I would be very surprised if more than 1 in 10 didn't know they had a V6.
Germans have always made things more complicated than necessary, which leads to higher failure rates. They also seem to be willing to take risks with new and unproven technology (1st gen. iDrive, Mercedes E-brakes, etc.). The Japanese are generally more cautious, though they do make mistakes on occasion.
From what I've seen, Audi has really been improving their quality since 2005 or so. I think a new A4 or A6 will probably be comparable to a 3 or 5, and better than a M-B.
Extended warranties can make sense if the dealer is willing to negotiate on the price. Knowing that you "beat the system" and saved the money is cold comfort if for example the twin turbos go and you've got a bill for $7000.
Paid for the S5 up front, no lease, no note, no bargain deal.
Enjoy it immensely thus far, only 2k plus miles so far. Unless, fingers crossed, something bad happens, plan to keep her until warranty nears end. If still pleased, will get extended warranty & press on. If still enamored, will pay for upkeep.
If a kink arises along the way, I'll get something else. No big deal. Just hope I won't be limited to some propeller head mobile.
I've also managed to have, thus far, a great time with a sport version of a car minus MT. I used to love rowing my own before my left foot became a bisquit. Shift paddles, AKA Playstation, is the way of the future. You can fight it & have as much success as I'll probably have in attaining one of 'the last V8 interceptors' a decade from now.
As far as badge, I thought seriously about debadging her, so I don't fit there.
I'll admit partial confidence in this purchase was due to previous A4, S4 & A6 being recommended in CR. I took a leap in faith that the S5, based on Audi's bread & butter, may be respectable in reliability.
If not, I'll get something else. What's the big whoop?
That said, Audi in Europe is extremely strong with Audi dominating majority of the luxury classes with the A3>1-Series, A4>3-Series>C-Class, A6>5-Series>E-Class, and the S-Class>A8>7-Series for some time now. The A5 is doing record percentages growth with all other models continuing do well though not as well as last year. However the A4 is increasing in sales globally still. Of course bmw has no answer to the R8 V8 or V10. Q7 has done extremely well prior to the market for SUVs going into the toilet. The Q5 is out to good start as well. Thus, Audi is showing only a 11% decrease so far in sales for 2009. Pricing is relative and Audis are expensive depending on how you option out the model. I do not take this position seriously to say therefore Audi has more sales because of pricing. Tier 1 is Tier 1.
This release came out today:
BMW results miss expectations, shares tumble
March 12, 2009 12:45 CET
BMW's headquarters in Munich, Germany
Photo credit: Reuters
FRANKFURT (Reuters) -- BMW AG, the world's largest premium carmaker, said today its earnings plunged in the fourth quarter, making its 2008 results miss market expectations and sending its shares down nearly 12 percent.
BMW said group earnings before interest and tax fell 78 percent to 921 million euros ($1.18 billion), well below the average estimate of 1.54 billion euros in a Reuters poll of 20 analysts.
BMW proposed cutting its 2008 dividend on common stock to 0.30 euros from 1.06 euros after taking a writedown of 1.06 billion euros for the reduced value of cars coming off leases and for bad debts.
Its shares pared losses to trade down 8.3 percent at 21.04 euros by 1028 GMT while the DJ Stoxx European car sector index was off 3 percent.
Demand for BMW's sporty models like the Z4 roadster withered in the last quarter of 2008, forcing the company to reveal a decline of 4.3 percent in group sales volumes last year -- its first annual drop since 1993.
Much like rival Mercedes-Benz, BMW has thrived from the debt-fueled consumerism in markets like the United States where they aggressively pushed volumes for years with attractively priced leasing deals that cost the carmaker just over 1 billion euros through the end of September alone.
Analysts are now re-evaluating previous assumptions regarding the premium market's true potential, after the worst excesses of easy credit have come to a screeching halt.
In addition, increasingly stringent emission requirements are putting a massive strain on R&D budgets for Mercedes and BMW and forcing the carmakers to replace heavier engines that earn fatter margins with downsized motors.
In the meantime, Audi reported the following for 2008:
Audi AG increased its total revenue by 1.7 percent in 2008, to a new record level of almost EUR 34.2 billion.
Overall, Audi increased profit before tax by some 9 percent to almost EUR 3.2 billion.
The success achieved in 2008 is also reflected in the Audi’s key financial ratios.
In 2008 Audi AG pushed the operating return on sales up even further from 8.0 to 8.1 percent.
The return on sales before tax rose even more steeply by 0.6 percentage points to 9.3 percent.
The further rise in the return on investment in a substantially more difficult economic environment is a testimony to the Audi’s intrinsic strength.
With this ratio reaching 19.8 percent, Audi AG is one of the most profitable businesses in the international car industry.
This isn't by any means a fluke as stated earlier. A company doesn't perform like this unless they have established a solid long-term strategy for growth and development. Audi may still not sell as much volume in the US, but they are best positioned to maintain there overall strategy of instrinsic growth as evidenced currently by their residul sales values > BMW and Mercedes-Benz overall.
Indeed, I think Audi has a lot of growth potential here. When I suggest that someone consider an Audi for their next purchase, the response is frequently "Audi.. hmm, I hadn't thought about that". Audi is still not even on the radar for a lot of people, and their recent big advertising push should pay off in new sales.
It's German engineering at it's best... and worst. Awesome engine with torque that pulls like a freight train and those brilliant twin turbos that virtually eliminate lag, and are nearly instantaneous in their smooth and strong delivery of power... yet... this same award-winning engine needed a new HPFP right out of the gate. The replacement is supposedly improved, and it does seems to be perfect, but that's the kind of crazy thing the German cars are guilty of.
I guess I could say that the German cars are to some extent like Jekyll and Hyde. Even the interior is awesome until you check out the cupholders, for example... they are totally stupid. One is an add-on to the side of the console, and the other is underneath the armrest... a lot of good that will do. The excuse?... same as always... Germans are more interested in driving than drinking beverages. That's just BS. And then some of the German cars have those over-engineered cupholders that are hidden inside some special little hidden secret panel on the dash, and when you push it, the cupholder slides and springs open like some kind of weird contraption that is supposed to grab onto your beverage container but ultimately spills your drink anyway.
And, lately some of these German cars offer no spare tire. IMO, that just plain sucks. I'd rather have a space-saver spare tire than none. But that's just me.
But, regardless of it's faults, my 135i ponies up more fun than anyone really ever could need from a car. It's downright incredible to drive a car that puts a smile on my face just because of the way it drives. How awesome is that?
So... thanks Germany!!! ... I dearly love that Dr.Jekyll, in spite of Mr. Hyde being an occassional grand pain in the [non-permissible content removed]. To Hell with the prestige... never stop producing those wonderful cars that are so much F-U-N to drive. They are soooooooooo worth it.
TM
2014 Audi S5 and S4 to lose weight and use 4-cylinder turbos
Weight reduction is now a major part of the game when putting a vehicle through the development process - especially for the high-performance vehicles. The current Audi S5 coupe weighs in at a hefty 3,800 pounds and the recently unveiled 2010 Audi S5 Cabriolet weighs in even heavier at 4,300.
And while the 2010 S4 and 2010 Audi S5 Cabriolet flaunt fast acceleration and an increase in fuel-economy by replacing the heavy 4.2L V8 with a lighter 333-hp 3.0 TFSI supercharged V6, there is still much more performance and fuel-efficiency to gain for these two high-performance Audis.
According to Michael Dick, Audi’s global head of product engineering, the company is testing the next-generation S5 which weighs 880 pounds less than the current model. Dick told CARandDRIVER that the next-generation model will feature more aluminum, magnesium and high-strength steel to help cut excess weight. That will applied to future Audi models including the next-generation Audi A6 and the use of those materials will increase significantly in the A4, A5, S4 and S5 in the 2014 model years.
Great - so we’ll see a slight jump in fuel-economy once again. Not exactly. The jump is expected to be quite significant since Audi is planning to replace the supercharged 3.0L V6 in the 2010 S4 and S5 with a lighter 4-cylinder turbocharged engine. That will help fuel-economy come in at the mid to high 20 mpg range. So, does that mean we’ll be giving up a faster S5 for the sake of higher miles-per-gallon?
Dick says the 3,000 pound next-generation S5 “laps Germany’s famed Nurburgring Nordschleife eight seconds faster than the current S5.”
link title
TM
The Volkswagen Concept BlueSport carries a 2.0 TDI common-rail injection engine that produces 180-hp. 0 to 62 mph comes in 6.6 seconds with a top speed of 140 mph. Mated to a 6-speed DSG dual-clutch transmission, the Concept BlueSport returns an estimated fuel-economy of 55 mpg (US).
More information and gorgeous pics here... link title
Sweeeeet. :shades:
TM
There is good cause for the sport aspect of rowing yourself as well as the convenience of the computer. The computer is getting so good it readily beats the pants off M/T in the quick-shift department.
At the end of the day, to each his own. I still go with weekend M/T sport ride and daily A/T commuter sled.
Regards,
OW
Analysts are now re-evaluating previous assumptions regarding the premium market's true potential, after the worst excesses of easy credit have come to a screeching halt.
A couple of years ago, there was a hot debate (between BMW car lovers and the pro Lexus crowd) on this issue in this forum. A few were warning that BMW would eventually pay the price for those bargain basement leases they were offering. Sure enough, here we are today with this bit of bad news from BMW.
I'm all for cutting weight, in fact wish I had the option of deleting the giant slab of glass in my roof.
I'm a little afraid of blown engines, even moreso with a 4cyl, when it comes to lofty aspirations of long term ownership. But, who knows how I'll feel in 5 years.
Heck, by that time, they might wind up adding an electric motor & battery pack.
Germans are more interested in driving than drinking beverages.
& smoking. Very ergonomic ashtrays.
Couldn't agree more. Would have loved to have ordered my car with manual, but not too keen on probably having to shoot cortizone into my ankle before each drive. :sick:
Shift paddles come through fairly naturally for me, having logged too many hours with Playstation.
I do wonder about the future of the MT, & read that board from time to time, because today's engineers were weaned on the PSX as well...
Hahaha,so you also own a japanese car? Well, I am not alone here whos scared of German reliability.
Does S6 share any parts with VW?
LOL, LS invites you to take a nap. :P
Nope. The engine is very loosely related to Lamborghini's V10, and the current C6 platform is unique to Audi. No bits are shared with the Passat.
Crash Dieting
We expected to hear some mumbo-jumbo about how safety standards and consumer expectations for features and refinement dictate ever-growing curb weights, but Dick's response shocked us: Audi is currently testing a prototype of the next-generation S5 that weighs 880 pounds less than the current car. He outlined the ongoing increase in the use of aluminum, magnesium, and high-strength steel as a main reason behind the mass reduction. The current TT's chassis is 69 percent aluminum, and the next-generation A6 (probably due in 2011 or 2012) will have an even higher proportion, Dick says. The amount for the next A4/A5/S4/S5 will be higher still when they debut, likely as 2014 models.
Dick also said that the supercharged 3.0-liter V-6 is an "intermediate step" for Audi. The next S4 and S5 will have lighter turbocharged four-cylinder engines. We can look at the TT lineup for direction: the base TT in the U.S. has a 2.0-liter turbo four that makes 200 hp. The TT S has the same basic engine, but makes 265 hp with beefed up internals and a bigger turbo. Future S4 and S5 models will have about 20 percent less weight and up to 30 percent less engine displacement than the current S5, making combined fuel economy in the mid to high 20-mpg range likely.
Good Looks, Lofty Goals
Although Dick told us the existing S5 prototype uses the current car's styling, we were able to get insight into the next car’s design from another company source, namely the Sportback concept shown this year at the Detroit auto show. This "concept" isn't a concept at all—it's the Audi A7 that will debut later this year in production form. Company insiders tell us that while the car's overall proportions won't be used on other models, its sinister headlights, more-defined single-frame grille, and blade-like taillights will be defining graphic elements on the next generation of Audis.
So it will look good, and Dick claims that even with all the safety and luxury features of today's car, it will weigh only 3000 pounds. He goes so far as to claim it laps Germany's famed Nürburgring Nordschleife eight seconds faster than the current S5. Skeptical? So are we. Industry sources tell us Audi hasn't yet taken enough weight out of the car's structure to achieve the stated goals, and we get the impression that Dick is telling us about the project to force his development team to make good on the claims. If you assume a car's engineering must be completed three years before it goes into production, they only have a couple of years to achieve these aggressive targets. We wish them the best of luck.
Full Article: 2014 S4/S5 Turbo 4 - Lite
Regards,
OW
Fly-weight Audis with torque vectoring Quattro AWD will be monsters on the track, more than a match for the M guys.
I learned first hand how dependent BMW was on heavy lease subsidies after that. When I shopped the 3 series and G only the Infiniti guy talked, in fact pushed an outright sale. The BMW guy never even thought to mention anything but a lease. In the end I took the Infiniti G over the 3 series even though the G was $10 a month more on a lease while $2,500 cheaper in sticker than the BMW.
BMW seems to need to learn things the hard way. It's amazing that they are trying to roll out product for every niche market they can think of in this type of economy.
Regards,OW
I could not remember the details of who said what, but why am I not surprised that you were the leader in warning everyone about those BMW leases and the consequences back then?
Now, I just hope that you are at least a little off about the Obama regime and how they are going about to solve the severe economic world-wide crisis . Please, please, be a little wrong :sick: .
That makes two of us re Obama. He's changing course so much now (in the last 7 days) that I don't know if the real Obama is the guy we saw pre and 50 days post election or the guy of the last 7 days who suddenly is looking to tax medical and saying except for bank writedowns the economy is in good shape (something he derided McCain for saying). All I know is I'm sick of seeing real cash being reserved and taken out of the economy to cover paper losses caused by an accounting rule. What is worse is I'm starting to think we have a massive manipulation of bank stocks and as a result the real economy and all other stocks, by guys (hedge funds especially) who are selling mortgage obligations short than shorting the bank stocks because they know what shorting the mortgage assets does to the bank P&L's thanks to mark to market. In fact if my suspicion is right the guys doing that make Madoff look like a "not so bad guy". If I was Obama one thing I would have hit the ground running with was a modification of mark to market. Dewey is right when he says there could be massive inflation later. If all that reserved cash is reversed in an uptick of the economy and real estate, you then have all that money, plus the government bailout money, plus rapidly growing customer deposits plus another $1.4 trillion dollars of sideline money that will need to find work somewhere and will go chasing the first thing that starts to show a recovery. Suddenly you'' ll have record bank earnings as M2M goes the the other way as we mark up. It's getting to be very high risk time for bears and a changed Obama (who must finally be listening to his financial pros) will make that risk a lot greater for them.
Anyway re the leases there was someome else who is not posting today, that was very well versed in finance as well and who was a lot more vocal about it than I was. A lot of what I was noting was based on BMW's highly leveraged sales data but when I actually shopped I discovered it was even worse than what I suspected. In fact a year and a half later I leased a Camry for my mother and I could barely beat a deal on her V6 Camry (which I negotiated a lot on) vs what I was offered (without negotiating) on the 3 Series.
That is a very interesting story you present concerning your mother's Camry and BMW lease deals. I guess this latest BMW leasing revelation is a great example of either pay now or someone will have to pay a lot more later. In this case, that "someone" is BMW.
See the attached, message 577, re my shopping experience. It was Brightness who was really onto the BMW leasing subsidies the most and he caught a lot of hell, but he was right on the money.
brightness04, "Luxury Lounge" #560, 29 Mar 2007 10:21 am
BMWs chickenzzzzz. . . .are coming home. . . .to rooooooosttt.
I participated in the discussion a couple of years ago and even went so far as to mention a "house of cards." Was pooh-poohed soundly.
He who laughs last. . .
It was very "nostalgic" going back and reading some of the posts on the BMW leasing practices. I wonder what ever happened to posters like Brightness04? He loved to argue about everything and anything, but it was interesting reading his material. In the case of the BMW leasing practices, Brightness04, Len, and you, Mr. cdpinhead were dead on.
Did you see Bernanke on 60 minutes? I hope Obama leans on him for support more than anyone else. He's the only guy I have any faith in and if Obama uses his intelligence a lot more I'll have a lot more faith in him too. What impressed me most about Obama this week was that he showed he was man enough to change positions. He's a good man and I just hope he makes a good president.
BTW, I love this comment from Galbraith as seen in the linked NY Times story:
The economist John Kenneth Galbraith once said, “The only function of economic forecasting is to make astrology look respectable.”
Link:
http://www.nytimes.com/2009/03/15/weekinreview/15vikas.html?_r=1&scp=1&sq=Galbra- - - - - ith&st=cse
No bailouts - not for the banks & not for car manufacturers.