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The Pub For General Automotive Related Talk |
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#1 | ||
Guess Who's Back?
Join Date: Feb 2008
Posts: 1,369
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Costs related to Family II engine plant closure see GM Holden lose $70m in 2008
http://www.goauto.com.au/mellor/mell...2575E10025AFA6 |
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#2 | |||
IWCMOGTVM Club Supporter
Join Date: Sep 2005
Location: Northern Suburbs Melbourne
Posts: 17,798
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Closure of the Family II engine plant is the main cause.
http://www.goauto.com.au/mellor/mell...2575E10025AFA6 Quote:
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Daniel |
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#3 | ||
FF.Com.Au Hardcore
Join Date: Mar 2008
Location: Melbourne
Posts: 10,838
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#4 | ||
IWCMOGTVM Club Supporter
Join Date: Sep 2005
Location: Northern Suburbs Melbourne
Posts: 17,798
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I know, already asked for a thread merge.
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Daniel |
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#5 | ||
Guess Who's Back?
Join Date: Feb 2008
Posts: 1,369
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GM-Holden chairman and managing director, Mark Reuss, expects the carmaker to return a profit "as quickly as possible"...
http://carsguide.news.com.au/site/ne..._in_australia/ |
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#6 | ||
Now Fordless
Join Date: Aug 2005
Location: Fremantle, WA
Posts: 3,611
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Doesnt the financial year end 30th of June? Why are we getting all the manufacturers figures now?
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#7 | |||
Cobblers!
Join Date: Mar 2005
Location: The Shire, NSW
Posts: 4,489
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Quote:
Possible might mean 2015. There is no guarantee that Holden will ever enter profitability.
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Ego BFII Ghia Titanium Silver E53 X5 4.4i Gunmetal EF XR6. Now retired from active duty. Roses are red. Violets are blue. OS X rocks. Homage to you. |
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#8 | |||
Chasing a FORD project!
Join Date: Jul 2008
Location: adelaide
Posts: 5,114
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sounds strange, but I hope for the sake of SA's economy that Holden stays afloat. Nothing would be worse that several thousand employees getting the axe. Plus healthy competition is necessary in this day and age. Ford need to be faster than someone at Bathurst, clipsal etc
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Quote:
1996 BMW 740iL V8. TV, phone, leather, sunroof, satnav, all as standard. Now with 19" TSW Brooklands, 2 1/2" stainless steel exhaust, plus more coming soon. |
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#9 | ||
FF.Com.Au Hardcore
Join Date: Mar 2006
Posts: 2,021
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I am shocked to say the least, remember though, that their financial year finished over six months ago...... Interesting to see how they go this year with no export market to speak of?
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#10 | |||
IWCMOGTVM Club Supporter
Join Date: Sep 2005
Location: Northern Suburbs Melbourne
Posts: 17,798
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Age Article
http://business.theage.com.au/busine...0626-d00x.html Quote:
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Daniel |
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#11 | ||
FF.Com.Au Hardcore
Join Date: Mar 2005
Location: Newcastle
Posts: 3,246
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Interesting comparison between Ford and GMHolden then.
Both lost money on an after tax basis, with Ford much worse off. But the actual trading positions weren't all that different. This demonstrates that Ford is making good money on it's contract work, ie T6 and is running a pretty tight ship. GMH which made about twice the number of cars should've made much more, but clearly the export business is very volatile. Further to this, is if GMH were making good money up until the middle of the 3rd qtr, but then went all the way back to essentially a neutral position, wonder how bad the result for 2009/10 will be? 2008/9 Financial year ending March 2009 * Ford lost $14 million ($270 million after adjustments), * GMH made $6 million (lost $70 million after adjustments). * Ford invested $250.7 million on R&D, * GMH invested $360 million on R&D Anyway here is hoping for better times ahead for the local industry, in particular Ford with increased sales which are looking better/up these days.
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BA2 XR8 Rapid M6 Ute - Lid - Tint -18s 226.8rwkW@178kmh/537Nm@140kmh 1/9/2013 14.2@163kmh 23/10/2013 Boss349 built. Not yet run. Waiting on a shell. Retrotech thread http://www.fordforums.com.au/showthr...1363569&page=6 |
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#12 | |||
IWCMOGTVM Club Supporter
Join Date: Sep 2005
Location: Northern Suburbs Melbourne
Posts: 17,798
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Car advice article
http://www.caradvice.com.au/33971/ho...-million-loss/ Quote:
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Daniel |
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#13 | ||
Guess Who's Back?
Join Date: Feb 2008
Posts: 1,369
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#14 | ||
Regular Member
Join Date: Jun 2009
Posts: 259
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Maybe Holden can put on a few more ads of kids hugging kangaroos in the back of Commodore's and see if that makes any difference.
Ruess comes across more as a salesman/excuse maker than a manager. |
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