Death of a Giant: General Motors to Fail?

Are those the strip club bunkers with big hooters for air raid warning sirens?

You are correct young Sir, but in truth, one might fry his bacon over a beacon,:slight_smile:

Yes, they are, but its the tassels that when spun at high speed(especially in opposite directions) provide the siren function.:shock: (Churchill, you’re too young to read this, )

:mrgreen:

I expect they’d have to stay vertical, as doing it horizontally could induce a helicopter effect?

Well, viewed in isolation, there does seem to be a degree of fairness in that. :wink: :smiley:

Yes, raises dust, makes me sneeze. (good thing I have a large bundle of $1 bills…:slight_smile: )

682_b~Sneezy-Posters.jpg

Don’t worry my friend, the shampoo commercials in France show naked breasts, honestly, its no big deal. :army:

Well, I cant be thought of as a corrupting influence, so its blinders for you lad ! :slight_smile:

Nonsense, If you were a corrupting influence, the entirety of France would be a corrupting influence in regard to their shampoo commercials.

Thats right I forgot, “Liberty, Equality, Naked shampoo adds.” :slight_smile:

This is also the death of a giant, if anybody here knows about machine tools …well you know what I mean.

http://es.youtube.com/watch?v=wop2PnwVcsY

I do a fair bit, but we only use Japanese, Finnish and German machine tools around where I am (Matsuura mainly). Having said that, we do high-end 5 axis work - looking at their website, South Bend seem to be at the low end, cheap side of the market, and that’s a bad place to be with increasing Chinese competition.

looking at their website, South Bend seem to be at the low end

The products publicited there have all the look of being a chinese imports with the american brand stamped on it.
The old machines of the 1940s,1950s,1960s have a better finish and quality.

NICK!!..You outsmarted me again. You were so right, despite my defiance…here is today’s Toronto Star News article which hits the nail on the head from what you were saying…(my helmet goes off for you)…

If Big Three automakers go out of business, the entire economy will be devastated, report says
Robert Benzie and Rob Ferguson
Queen’s Park Bureau

Dec 16, 2008

Ontario would lose 517,000 jobs within five years if the Big Three automakers went out of business, according to a new provincial report obtained by the Star.

The review, prepared for the Ministry of Economic Development and to be released today, warns the collapse of General Motors, Ford and Chrysler would send lasting shock waves through the economy.

If auto output by U.S.-based manufacturers in Canada were cut in half, at least 157,400 jobs would be lost right away, 141,000 of them in Ontario. By 2014, job losses would rise to 296,000 nationally, including 269,000 here.

If production were to cease completely, 323,000 jobs would be lost immediately in Canada, including 281,800 in this province, rising to 582,000 nationally and 517,000 in Ontario by 2014.

The Ontario Manufacturing Council, an arm’s-length provincial government panel, commissioned the 11-page report, which was prepared by the Centre for Spatial Economics. The report paints a gloomy picture if governments at Queen’s Park, in Ottawa and in Washington do not bail out the automakers.

“The depreciation of the dollar, lower interest rates, and lower production costs eventually help the economy to partially recover (over the following five years, 2015 to 2019) but the loss of the Detroit Three leaves a permanent dent in Canada’s economy in terms of jobs and output,” the report says.

“For any Canadians who feel that the auto industry is expendable to our economy, this report is a wake-up call,” Economic Development Minister Michael Bryant said in an interview yesterday.

“This report suggests that even under a scenario where half the auto sector is lost, our economy (in Ontario) basically craters and brings the whole rest of the (Canadian) economy with it,” Bryant said.

The damage would extend well beyond the auto and related parts industries to housing and a broad range of consumer spending, said Jayson Myers, an economist who is president of Canadian Manufacturers and Exporters.

Myers is a co-chair of the manufacturing council with Jim Stanford, economist for the Canadian Auto Workers union.

“We were surprised how big the impact is. … It shows the importance of ensuring we maintain production here.”

The impact on citizens would be huge, Bryant predicted.

“If the auto industry is somehow allowed to part (from) our economy, it’s the equivalent of a nuclear winter with lasting effects … and would require enormous cuts to public services plus massive deficits every year.”

North American automobile demand is already down to 11 million vehicles from a previous 19 million.

“Let’s hope that doesn’t last long,” said Myers. “I’m pretty certain we will see demand rebound, but certainly it won’t rebound to 19 million units.”

Because automakers have been offering plenty of sales incentives and rebates in the past few years, which eat into future sales, “it’s not going to be easy” to get demand up given the economic crunch facing consumers, Myers said.

Nor could Japanese-based automakers like Toyota and Honda, which already build cars and trucks in Ontario, be expected to fill the void left by GM, Ford and Chrysler.