On Aug 2, 2:10Â pm, bernie
zianet.com> wrote:> On Aug 2, 11:35 am, "alan"
hotmail.com> wrote:
>
>
>>> "lockjaw"
gmail.com> wrote in message>
>
>>> A ridiculous time! Â with 600 locations closing.
>
>>> never fly. Â Plus Starbucks treats its employees very well.
>
>>> and Jack / Izzy? Â the problem with GM Â etc. ain't the unions -- it is
>>> the idiotic management
>
>> You're absolutely correct. Â And although any serious economic analysis comes
>> to the same conclusion, don't expect Jack to allow himself to be confused by
>> the facts . . .
>
> Â Â BMW reported on Friday their profits this Q down 33%%. Nissan
> reported Friday their quarterly profits down 48%%. Along with Toyota
> and Honda auto sector profits are glum.
>
> Â Â
http://www.tradingmarkets.com/.site/news/TOP%%20STORY/1799680/
>
> Â I find it hard to believe that all these companies have "idiotic
> management". Maybe the worst economy in about 50 years has something
> to do with it. Even if they were all producing hybrids at 100%% plant
> capacity it wouldn't do any good if folks can't buy a new car.
> Bernie
Well "folks" can buy new cars, they just don't want 12 mpg SUVs and
trucks
-- VERY high profit margin vehicles! small cars, uh not so
much.
