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Swiss, WV Car Consumer Discussions

Re: One liners from the sales frontlines (back on topic).... [duke23]

by driver100 on Sat Nov 15 05:59:15 PST 2008

quit calling it a bail out and style it as a loan Second hint, you are so shameful your opinion shouldn't really count. I am a real amateur when it comes to finances, however, I am not sure burning through more millions of dollars will save the big 3. They are making cars people are not buying unfortunately. Same happened to the radio and TV manufacturers in America about 40 or 50 years ago. We thought it was the end of the world when we saw names like RCA, G.E., Admiral, and Zenith disappear from the U.S., to be manufactured in Japan. Somehow, we survived. Timex had a fair bit of the market in the U.S. at one time, then the Japanese started making great watches at reasonable prices (Seiko). Then the Swiss came back with more refined watches at higher prices. Same in auto industry, Japan is making a quality product at a reasonable price. Europeans make a more refined product for people willing to pay for it. Where does that leave the big 3. The Big 3 have had at least 20 to 30 years to see what was happening, and they kept building bigger and heavier cars.....and though the quality is close, most models miss the mark on style, engineering, reliability, refinement etc. and in any case people are buying overseas manufacturer's cars. You can plow more money into the system, but that's just life support if no one is buying. Once again, I don't want to see it happen and I am not a financial wizard....but I think that is how it will play out. :cry: Please explain how a loan is much different? Seems to me you will be a preferred creditor but how much will be left at the end of the day.....inventory and some old car plants?

Re: Welcome Back, Rocky! [lemko]

by cooterbfd on Fri Nov 07 08:10:35 PST 2008

"Hey, it's been tough battling all these GM-bashers alone! Welcome back!" HEY!!!!! I too welcome Rocky back, but what am I and '62, swiss cheese???? ;)

Creators of carbon credit scheme cashing in on scam

by gagrice on Tue Nov 04 06:54:58 PST 2008

There's an elephant in global warming's living room that few in the mainstream media want to talk about: the creators of the carbon credit scheme are the ones cashing in on it. The two cherub like choirboys singing loudest in the Holier Than Thou Global Warming Cathedral are Maurice Strong and Al Gore. This duo has done more than anyone else to advance the alarmism of man-made global warming. With little media monitoring, both Strong and Gore are cashing in on the lucrative cottage industry known as man-made global warming. Strong is on the board of directors of the Chicago Climate Exchange, Wikipedia-described as "the world's first and North America's only legally binding greenhouse gas emission registry reduction system for emission sources and offset projects in North America and Brazil." Gore buys his carbon off-sets from himself--the Generation Investment Management LLP, "an independent, private, owner-managed partnership established in 2004 with offices in London and Washington, D.C." of which he is both chairman and founding partner. To hear the saving-the-earth singsong of this dynamic duo, even the feather light petals of cherry blossoms in Washington leave a bigger carbon footprint. It's a strange global warming partnership that Strong and Gore have, but it's one that's working. Strong is the silent partner, a man whose name often draws a blank in the Washington cocktail circuit. Even though a former Secretary General of the 1992 United Nations Conference on Environment and Development (the much hyped Rio Earth Summit) and Under-Secretary General of the United Nations in the days of a beleaguered Kofi Annan, the Canadian born Strong is little known in the United States. That's because he spends most of his time in China where he works to make the communist country the world's next superpower. The nondescript Strong, nonetheless is big cheese in the world of climate change, and is one of the main architects of the coming-your-way-soon Kyoto Protocol. The tawdry tale of the top two global warming gurus in the business world goes all the way back to Earth Day, April 17, 1995 when the future author of An Inconvenient Truth traveled to Fall River, Massachusetts, to deliver a green sermon at the headquarters of Molten Metal Technology Inc. (MMTI). MMTI was a firm that proclaimed to have invented a process for recycling metals from waste.Gore praised the Molten Metal firm as a pioneer in the kind of innovative technology that can save the environment, and make money for investors at the same time. "Gore left a few facts out of his speech that day. First, the firm was run by Strong and a group of Gore intimates, including Peter Knight, the firm's registered lobbyist, and Gore's former top Senate aide," wrote EIR. "Second, the company had received more than $25 million in U.S. Department of energy (DOE) research and development grants, but had failed to prove that the technology worked on a commercial scale. The company would go on to receive another $8 million in federal taxpayers' cash, at that point, its only source of revenue. "With Al Gore's Earth Day as a Wall Street calling card, Molten Metal's stock value soared to $35 a share, a range it maintained through October 1996. But along the way, DOE scientists had balked at further funding. When, in March 1996, corporate officers concluded that the federal cash cow was about to run dry, they took action: Between that date and October 1996, seven corporate officers--including Maurice Strong--sold off $15.3 million in personal shares in the company, at top market value. On Oct. 20, 1996--a Sunday--the company issued a press release, announcing for the first time, that DOE funding would be vastly scaled back, and reported the bad news on a conference call with stockbrokers. "On Monday, the stock plunged by 49%, soon landing at $5 a share.By early 1997, furious stockholders had filed a class action suit against the company and its directors. Ironically, one of the class action lawyers had tangled with Maurice Strong in another insider trading case, involving a Swiss company called AZL Resources, chaired by Strong, who was also a lead shareholder. The AZL case closely mirrored Molten Metal, and in the end, Strong and the other AZL partners agreed to pay $5 million to dodge a jury verdict, when eyewitness evidence surfaced of Strong's role in scamming the value of the company stock up into the stratosphere, before selling it off. In 1997, Strong went on to accept from Tongsun Park, the Korean man found guilty of illegally acting as an Iraqi agent, $1 million from Saddam Hussein, which was invested in Cordex Petroleum Inc., a company he owned with his son, Fred. http://www.canadafreepress.com/2007/cover031307.htm You might conclude that these two are men of many scams.

no title

by thedemoguy on Sat Oct 25 09:59:50 PDT 2008

This is nice: The Ford Motor Co. said Allan Mullaly, the company’s new CEO, will be getting an additional $1M bonus. The board of directors of the company has approved a $6 million stock option bonus, $1 million more than what was previously promised for Mullaly. Ford said Mullaly’s bonus was based on his performance during the first several months of working in the company. For 2007, his total compensation package could add up to $16.5 million. According to documents filed with Securities and Exchange Commission, Ford’s board also approved cash payments to other senior executives to compensate them for a bonus program the company is scrapping in favor of a new compensation plan. The news about Ford’s payouts came as thousands of salaried workers who signed up for buyouts or early retirement packages bid farewells to their friends and workmates. The announcement was also close to the reporting of the 2007 $12.7 billion loss report of the automaker. "(It was a) sad day today, lots of people I knew left," one worker said. "Many of the engineering offices look like Swiss cheese with all of the empty cubicles that have opened up."

Re: One of the problems with the Genesis [backy]

by chuck1 on Mon Oct 20 21:31:46 PDT 2008

It has to do with public perception. The Swiss for fine watches. The Japanese for reliable cars, The Germans for engineering, etc. Nice T.V.!