Article

2009-08-29 Economy

German car sector could face up to 90,000 job cuts

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Posted by Fred 2009-08-29 00:00|| || Front Page|| [1 views ] Top

#1 US home equity lines of credit paid for a lot of BMW and Mercedes Benz cars. Those are gone now. My guess is that BMW and Mercedes US sales are being hammered.

Posted by crosspatch 2009-08-29 02:50|| 2009-08-29 02:50|| Front Page Top

#2 The German manufacturers didn't do well in the latest Obama bankruptcy sweepstakes. Cash for Clunker ranking:
Toyota - 19.4%
General Motors - 17.6%
Ford - 14.4%
Honda - 13.0%
Nissan - 8.7%
Hyundai - 7.2%
Chrysler - 6.6%
Kia - 4.3%
Subaru - 2.5%
Mazda - 2.4%
Volkswagen - 2.0%
Suzuki - 0.6%
Mitsubishi - 0.5%
MINI - 0.4% (BMW, UK Made)
Smart - 0.2%
Volvo - 0.1%
All Other - <0.1%

Posted by ed 2009-08-29 08:13|| 2009-08-29 08:13|| Front Page Top

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