[Info-vax] HP Cuts Salaries

[William Webb]

On Mon, Mar 2, 2009 at 12:03 AM, JF Mezei <jfmezei.spamnot at vaxination.ca> wrote:
> johnwallace4 at yahoo.co.uk wrote:
>
>> Britain has already seen both, and it's not a happy picture. It also
>> sounds a lot like GM are about to disengage from Europe (Opel and
>> Vauxhall in particuar, although Saab were already in the "for sale
>> dirt cheap" section if I remember rightly).
>
> Saab is under bankrupcy protection. A saviour will recapitalise Saab
> along with editors, leaving GM with worthless shares of a corporate
> structure that no longer exists because Sabb will be a new corporation.
>
> But the sooner this happens, the sooner GM can remove any liabilities it
> has related to Saab fro its own books.
>
> German governmnet apparently struck a deal to help partially recaitalise
> Opel and get concessions from creditors, but GM will remain a major
> shareholder (albeit diluted).
>
>> US, they've got plenty US-designed+built cars they can profitably
>> export, right? Whaddya mean, they don't? How did that happen?
>
> One needs to be fair for this: The US manufacturers used their european
> operations to make efficient cars. Most/all of the small cars on sale
> today in teh USA from Ford/GM are actually designs imported from their
> european operations.  When Chrysler was owned by Daimler, Chrysler
> refused to distribute Daimler's small car offerings (notably the Smart
> car).  Chrysler is now without a european subsidiary, so any small car
> it wants to sell with either have to be designed from scratch or
> designed purhased from a foreign car maker.
>
>
>
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Two words to make everybody remember what happens when the government
thinks it can run a car company:

British Leyland.

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