Citi Now to get Bailed Out But Auto's Still get the Shaft

[chunky]

Re: Citi Now to get Bailed Out But Auto's Still get the Shaft

WOW... thanks for letting us in the details chunky. I didn't realize it was that bad over at Honda.. What Union does Honda have?

It was Amicus but they merged with Transport & General Workers Union, so they are now called Unite. The company are going to use this situation to scare workers to sign their life away.

[Miroslav]

Re: Citi Now to get Bailed Out But Auto's Still get the Shaft

^^ sorry to hear that...but I'd say that's the unfortunate reality of economic downturns: workers are squeezed into doing more for less, and they live with the fear of being laid off. I probably work in a very different environment than you do, and it's not any different in my company; we've already had one round of layoffs and are stuck with covering more work with fewer people. Who knows what will happen next year.

[runningman]

Re: Citi Now to get Bailed Out But Auto's Still get the Shaft

sounds like a million layoffs a month.

[88Mariner]

Re: Citi Now to get Bailed Out But Auto's Still get the Shaft

[runningman]

Re: Citi Now to get Bailed Out But Auto's Still get the Shaft

your finally getting it mariner... HAHAHA

[Miroslav]

Re: Citi Now to get Bailed Out But Auto's Still get the Shaft

hey, my company is going through layoffs too. I don't know where I'll be next year. And we make good products, doubled our stock price in 2007, and hadn't missed a quarter of earnings in 5 years up until now. When do we get our bailout?

[runningman]

Re: Citi Now to get Bailed Out But Auto's Still get the Shaft

I am losing my job in Windsor and we have made money for the last 10 years. Where is my bailout??

[88Mariner]

Re: Citi Now to get Bailed Out But Auto's Still get the Shaft

I am losing my job in Windsor and we have made money for the last 10 years. Where is my bailout??

well, your people are taking a vacation for a few weeks. perhaps they meant for you, the same?

[i!!ustrious]

Re: Citi Now to get Bailed Out But Auto's Still get the Shaft

eff this bailout... seriously. i'm so sick of petrol right now, and our selfish auto industries initiatives. there is a reason why our vintage hot rods stay parked.

meh. lets hope this desperate bailout cheese gets assimilated in the all the right places...

the mass media giant is the one who should really be wiped out indefinetly.

[chunky]

Re: Citi Now to get Bailed Out But Auto's Still get the Shaft

Did anyone see The Money Programme tonight? I'm guessing Porsche wont be asking for a bail out.

Over two astonishing days in October 2008 one of the most amazing stories of the downturn emerged. Porsche, the luxury sports car manufacturer, was revealed as the force behind an audacious takeover bid for Volkswagen.

The price of Volkswagen shares rocketed fivefold, and it briefly became the most valuable company on the planet. And hedge funds that had been betting on VW shares falling in the downturn found themselves staring at losses that ran into billions of pounds.

Now the German authorities are investigating. It has been alleged that the much smaller German car maker Porsche manipulated the market, made a fortune and ended up potentially taking over its rival.

Porsche insists it has done nothing wrong. But for years it has quietly stalked its larger rival, buying up VW shares in a creeping takeover and making vast profits in dealings on those shares. It has been highly effective: last year it made four times as much money from share trading than from making its iconic sports cars.

The Money Programme's Max Flint travels to Germany to investigate how Porsche became so expert in playing the market and how it could end up with the biggest prize of all: control of its rival.
.

[runningman]

Re: Citi Now to get Bailed Out But Auto's Still get the Shaft

Porsche is still a nobody in the car business.

Oh and Toyota is on the chopping block now as well.

http://finance.yahoo.com/news/Possible-Toyota-job-cuts-as-rb-14138981.html

Yes 100 posts on another one of my threads!!! I would like my rep power to say 0 but at least be in the green please.

[Miroslav]

Re: Citi Now to get Bailed Out But Auto's Still get the Shaft

Porsche is still a nobody in the car business.

and just what is your definition of a "nobody" in the car business? It's only one of the most highly coveted luxury car brands in the world!

Yes 100 posts on another one of my threads!!! I would like my rep power to say 0 but at least be in the green please.

quality, not quantity...lol

[runningman]

Re: Citi Now to get Bailed Out But Auto's Still get the Shaft

1. by nobody I mean "not a major player."

2. Gun control and Car Industry are quality..lol

[Miroslav]

Re: Citi Now to get Bailed Out But Auto's Still get the Shaft

1. by nobody I mean "not a major player."

Well, sure. They don't make cheap cars for the soccer mom driving her kids around; they make high-end luxury cars for a rich clientelle, like Ferrari and Lamborghini. It just sounded like you were calling a $100K Rolex cheap trash...lol anyways, sry. Back to work for me.

[runningman]

Re: Citi Now to get Bailed Out But Auto's Still get the Shaft

Ladies and Gentleman Peter Schiff. "US banks are worthless"

[youtube][youtube]http://www.youtube.com/watch?v=aOyyRhJRsy8&eurl=http://video.google.ca/videosearch?q=peter+schiff&oe=utf-8&rls=org.mozilla:en-US:official&client=firefox[/youtube][/youtube]