I think this is the beginnings of an economy based on perpetual growth and fossil fuel energy running headlong into geological energy constraints. Basically I see an undulatory downward path for the rest of my life. From here out, I think any rallies in our economic condition are going to be met with spiking commodity prices that knock us right back down.
Dana Corp. said Friday its U.S. operations have filed for Chapter 11 bankruptcy protection after struggling with declining revenues amid a troubled U.S. auto market.
...The move comes just five months after Delphi Corp., the largest U.S. auto parts maker, filed for bankruptcy in October amid growing woes in the U.S. auto industry.
U.S. automakers have steadily been losing market share to their overseas competitors, a trend that Dana said contributed to its bankruptcy.
Rising energy and commodity prices, which outpaced the company's cost savings, also hurt the company's financial condition.
Joined: Sep 06, 2004 Posts: 5315 Location: Smalltown New Zealand
Posted: Fri Mar 03, 2006 1:55 pm Post subject: Re: Another U.S. auto parts maker files for bankruptcy
I wonder how independent Vauxhall, Opel and Holden really are. If GM goes under would they just fold at the same time or try and carry on. _________________ "Complex problems have simple, easy to understand, wrong answers." - Henry Louis Mencken
Joined: Jul 25, 2004 Posts: 681 Location: Hunter Valley, New South Wales, Australia
Posted: Fri Mar 03, 2006 4:38 pm Post subject: Re: Another U.S. auto parts maker files for bankruptcy
rogerhb wrote:
I wonder how independent Vauxhall, Opel and Holden really are. If GM goes under would they just fold at the same time or try and carry on.
I think Holden would try to carry on, certainly, but the impact of the bad publicity of their parent's collapse on the Fleet Buyers (the guys who actually keep 'em afloat) would be to turn them away in droves. Then Holden would go belly up, probably followed by Ford in quick succession. This is (really) 25 years overdue, if you ask me. The Aussie car-market has successfully resisted any attempt to get it to pay attention to Real World Events, instead concentrating on bullying govt into doing things for it, like de-regulation, as all industry wants, foolishly.
They will discover that "deregulation" has it's down-side: when they ask the govt for hand-outs, they won't get one.
Good riddance to bad rubbish, I say. _________________ .
"To Get Rich you have to:
Joined: Dec 09, 2004 Posts: 493 Location: Around somewhere
Posted: Fri Mar 03, 2006 6:16 pm Post subject: Re: Another U.S. auto parts maker files for bankruptcy
I work for a company that designs factory automation. We just delivered a machine to an automotive supplier and they told us that their orders have dropped by 25%.
Last edited by SD_Scott on Fri Mar 03, 2006 10:58 pm; edited 1 time in total
Joined: Aug 19, 2004 Posts: 1755 Location: Republic of Texas
Posted: Fri Mar 03, 2006 10:34 pm Post subject: Re: Another U.S. auto parts maker files for bankruptcy
ubercynicmeister wrote:
They will discover that "deregulation" has it's down-side: when they ask the govt for hand-outs, they won't get one.
Worse is when they demand deregulation in the name of "free enterprise" and then still beg for government handouts.
It's as bad as when private citizens demand personal liberty to do whatever they want, then demand the government rescue them from the bad choices they've made.
Some people want the liberty to eat like pigs, breed like rabbits, smoke dope, build houses in flood plains, and engage in every type sexual perversion imaginable.
Then, when sitting atop a flooded house with six fat kids too wracked with HIV and lung disease to swim out, they demand a helicopter shuttle them to a hotel room stocked with Cheetos and Pepsi.
Well, which is it? Liberty, or Slavery? There's not enough money for both. _________________ Conform . Consume . Obey .
Posted: Sun Mar 05, 2006 11:39 am Post subject: Re: Another U.S. auto parts maker files for bankruptcy
basically if you join the get rich quick club you sell your soul
i would rather have perverted, pot smoking freaks as my neighbours than a soulless neighbourhood of perfect lawns
the system you believe in has failed, humans are just the same as they were before.
i believe in jesus, that money is a sin and we should live communally in place free of judgement. that's what those people you don't like want but are probably unable to see or express. maybe it time for a new system
martin
Joined: May 15, 2005 Posts: 4142 Location: THE MATRIX
Posted: Sun Mar 05, 2006 12:17 pm Post subject: Re: Another U.S. auto parts maker files for bankruptcy
TommyJefferson wrote:
Some people want the liberty to eat like pigs, breed like rabbits, smoke dope, build houses in flood plains, and engage in every type sexual perversion imaginable.
Then, when sitting atop a flooded house with six fat kids too wracked with HIV and lung disease to swim out, they demand a helicopter shuttle them to a hotel room stocked with Cheetos and Pepsi.
Joined: Jul 25, 2004 Posts: 681 Location: Hunter Valley, New South Wales, Australia
Posted: Sun Mar 05, 2006 6:15 pm Post subject: Re: Another U.S. auto parts maker files for bankruptcy
TommyJefferson wrote:
ubercynicmeister wrote:
They will discover that "deregulation" has it's down-side: when they ask the govt for hand-outs, they won't get one.
Worse is when they demand deregulation in the name of "free enterprise" and then still beg for government handouts.
Yup, exactly. They refuse to pay their taxes, but demand a tax-payer bail-out from their own self-made misery and mistakes. They want us to feel sorry for them having to endure their own poor performance.
Quote:
It's as bad as when private citizens demand personal liberty to do whatever they want, then demand the government rescue them from the bad choices they've made.
Some people want the liberty to eat like pigs, breed like rabbits, smoke dope, build houses in flood plains, and engage in every type sexual perversion imaginable.
Yes, I know what you mean. However, are people these days not encouraged to make exactly those choices? Is not "Clueless Consumerism" all about getting people to make self-destructive choice after self-destructive choice? To cause them to become addicted to that which is not only not helpful, but is actually harmful...? To then cause them to become addicted to something else that is there to fix the first thing's problems...which would never have occurred had they not been addicted to the original harm?
Take Psychoanalysis (please...take it ...as far away as possible!) - these days seemingly everyone is "going to therapists." If we're to judge from the overall results of this fooling with the mind, people are LESS mentally well-adjusted NOW than at any point in the history of humanity. Indeed, the saying these days is "if you want the person to get worse, send them to see a shrink". And ther number of 'disorders' grows daily. They seem to have learnt from the Malapropism uttered by the Mayor of Detroit when riots accompanied the Democratic Convention there in 1968: "Get this straight: the Police are not there to create disorder, they are there to preserve disorder." Indeed, why get rid of disorder, when you will have put yourself squarely out of a job? (In this case, I'm not thinking of the Police as such, but the self-appoinjted Mental Police, the shrinks).
Think about the Tobacco Companies - one of their greatest triumphs is called "Women's Rights" (Feminism). This wonderful example of the Law Of Unintended Consequences was co-opted early on by the Tobacco Companies to sell Cigarettes. So much so that now Australian girls, who get pregnant for the first time, now deliberately take up smoking to reduce the birth-weight of their baby (it is said to work and it makes the birth supposedly less painful).
But given that we've allowed the tobacco companies away with this...and especially as the Feminists are now realising the mistakes...who is really responsable for the fact that the babies are born with Nicotene addiction (thus explaining why so many babies these days are so darn cranky)...?
Given we've allowed the Feminists away with their unwitting assistance to the Tobacco Companies...given we've encouraged "all that"...who can really be said to be at fault?
Everyone, I suppose.
Quote:
Then, when sitting atop a flooded house with six fat kids too wracked with HIV and lung disease to swim out, they demand a helicopter shuttle them to a hotel room stocked with Cheetos and Pepsi.
If they are in a house, surrounded by floods which they have been told "can't happen, the levees are built to withstand..." or are told "don't evacuate, because it's all being taken care of..." or actively punished when they do realise the floodwaters are a-coming and try to leave as did that young man who "stole" the school bus, rounded up all of his neighbours and high-tailed it outta the place only to be arrested for stealing the bus...what then? I reckon the young fellow be elected Mayor, as he showed a damn-sight more initiative than anyone else, if you ask me, but, well...I seem to be a lone voice.
Quote:
Well, which is it? Liberty, or Slavery? There's not enough money for both.
There's not enough Energy, my friend. Especially of the mental variety. _________________ .
"To Get Rich you have to:
Joined: Jan 07, 2005 Posts: 139 Location: Mpls, MN, USA
Posted: Sun Mar 05, 2006 8:35 pm Post subject: Re: Another U.S. auto parts maker files for bankruptcy
Time for an amusing song or two on this thread!
Altogether now!
(To the tune of "There's no business like show business")
"Oh, there's no welfare like corporate welfare, there's no welfare I know...!"
or perhaps ExxonMobile's new peak oil denial theme song.
(To the tune of "99 Bottles of Beer on the wall"")
"3 trillion barrels of oil in the well, 3 trillion barrels of oil!
Ya' pump one out and pass it around, and there's....
2 trillion, 999 billion, 999 million, 999 thousand, 999 barrels of oil in the well........!
(And so on, and so on.)
And now for an attempt at humour as well!
Corporations come and corporations go.
So many corporations, so little time.
So many corporate bankruptcy filings, you can't shake a stick at em!
So many externalised costs, I don't know how you ever did it!
So many concentrated benefits, I think I'm gonna have a cow, here!
Question: How many Corporate CEO's does it take to screw in a light bulb?
Answer: None! They are all too busy screwing labor, the government, everyone else's government, consumers, your kids, your parents and grandparents, the entire planet -- including every species of plant and animal, too! You think theyve got time to worry about screwing in a lousy light bulb, huh, bub?!?!?!
"Oily to bed, oily to rise, makes a man wealthy, wealthy, and wealthy. " (Ben Franklin Getty)
"So, John D. Rockefellar, John Paul Getty, and the Pope, Billy Graham, a Rabbi and an Immam were stuck out in the middle of the ocean in a liferaft, with only one glass of water, one slice of stale bread, and one barrel of oil...."
At the Conclusion of the memorial service for 2oth century culture, these words were solemnly intoned:
"And now a moment of silence in deference to 20th century communism, capitalism, and fascism, which all turned out to be the same damn thing -- 'more for me, none for thee!!!' "
These words were heard loudly whispered by a rather deaf old gentleman in the back row:
"Well then, what were we all fighting about, anyways? We coulda' all jes' gone fishin'!"
And so it goes.
(A work in progress, in tribute to Kurt Vonnegut, that wise old fellow addict!) _________________ pedaling for peace and ecojustice -- Gary
Posted: Sun Mar 05, 2006 8:47 pm Post subject: Re: Another U.S. auto parts maker files for bankruptcy
Gary wrote:
"And now a moment of silence in deference to 20th century communism, capitalism, and fascism, which all turned out to be the same damn thing -- 'more for me, none for thee!!!' "
Amen.
Let's get back to Monarchy. _________________ With Love to all, and Malice to none.
"A people is conquered not when they lose a war, but when they adopt the song and customs of the enemy"
-Chacham S
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