The price of a barrel of oil has been very volitale/unpredictable this past year, which greatly affect driving habits and consumers pick for an vehicle. The price of a barrel of oil shot up from under $60.00 per barrel to around $145.00 per barrel over a shot six month period. Then, as is usually the case, the price begin to drop just as everyone accepted the idea that a barrel of oil would go to over $200.00 per barrel before the end of 2008. Then the price of oil began to drop at a rate faster than it had gone up. Presently the price of a barrel of oil is under $50.00 per barrel; although, I haven't checked todays prices.
Auto Manufacturer that produce auto in mass need at least a one year lead period to plan and tool for the next years models, so how could they have possibly adjusted to the volatility in the petroleum market and to the sudden economic crisis in which they presently find themselves. The auto industry need a long term energy plan, and a stable, normally growing economy, so they can plan and tool for the release of the 2010 models. Regards, LelandJ Geoff Flight wrote: > Even before the crash GM was on its knees. Sales are way down due to > building poor quality cars and the wrong ones. Its stock price was through > the floor a year ago and it's only gotten worse since. I bleive the reason > your govt denied them funding assistance was that they (rightly) see them as > a lost cause. Ford and Chrysler have serious problems that are beatable but > GM is all but dead. > > -----Original Message----- > From: [EMAIL PROTECTED] [mailto:[EMAIL PROTECTED] On Behalf > Of Leland Jackson > Sent: Saturday, 6 December 2008 11:46 AM > To: ProFox Email List > Subject: Re: [OT] Leland! Drive this! > > I disagree. Given a little oxygen GM will be back. > > Regards, > > LelandJ > > > Geoff Flight wrote: > >> One significant difference is that GM is non-viable period. Recession or >> > not > >> the company is done-for. The euro and Japanese manufacturers ARE viable >> > but > >> in a short-term problem because of this crisis. Ford and Chrysler can be >> fixed but GM is gone no-matter-what. >> >> -----Original Message----- >> From: [EMAIL PROTECTED] [mailto:[EMAIL PROTECTED] On Behalf >> Of Kristyne McDaniel >> Sent: Saturday, 6 December 2008 9:53 AM >> To: 'ProFox Email List' >> Subject: RE: [OT] Leland! Drive this! >> >> Lee, >> >> >> >>> It appears to me that these companies have a short term >>> liquidity crisis due to an economic crisis, and with >>> sales down and no chance to raise capital under current >>> conditions form either stock or bond issuance, >>> they need our help. >>> >>> >> Exactly. The automakers from Europe and Japan are getting bailouts because >> of the same market conditions affecting the American automakers. >> >> No reason to let our industry falter while theirs are being infused with >> cash. >> >> Kristyne McDaniel >> http://www.kristynemcdaniel.com/blog >> http://www.emryldadvantage.com/ >> http://www.mcstyles.com/ >> >> Whether you think you can, or you think you can't.... you are right. >> -- Henry Ford >> >> >> >> [excessive quoting removed by server] _______________________________________________ Post Messages to: [email protected] Subscription Maintenance: http://leafe.com/mailman/listinfo/profox OT-free version of this list: http://leafe.com/mailman/listinfo/profoxtech Searchable Archive: http://leafe.com/archives/search/profox This message: http://leafe.com/archives/byMID/profox/[EMAIL PROTECTED] ** All postings, unless explicitly stated otherwise, are the opinions of the author, and do not constitute legal or medical advice. This statement is added to the messages for those lawyers who are too stupid to see the obvious.
