Meredith Whitney Sees More Trouble for Housing

[Allan from Fallbrook]

Scarlet: Except German auto makers and manufacturers aren’t competitive and haven’t been for quite some time (see following UK Independent article from 2004). Plus, they have a massive pension overhang and, on a unit cost pricing basis, are getting slaughtered by even their domestic rivals (Daimler versus BMW, for instance) who have realized the dangers of “over-unionization”.

http://www.independent.co.uk/news/world/europe/out-go-jobs-up-go-the-hours-german-unions-confront-a-cold-new-reality-553513.html

As the US Chamber of Commerce white papers pointed out: There is a difference between union rhetoric and actual reality. The facts tell a very different tale than the yarn you’re spinning.

Final proof: If GM, as a union company, was so successful, what was the PRIMARY factor in its demise? Legacy costs. What were those legacy costs a DIRECT result of? Suicidal union collective bargaining agreements that ultimately proved unaffordable and unsustainable and drove the company into BK. Q.E.D.

[Rt.66]

BMW returns to profit in second quarter

http://www.bangkokpost.com/news/world/151095/bmw-returns-to-profit-in-second-quarter
—————-

Volkswagen Profit Beats Estimates

“Volkswagen is feeling the impact of the crisis, no doubt, but they’re still performing comparatively well,”

http://www.bloomberg.com/apps/news?pid=20601100&sid=aGMAe5dQKkEY
—————-
VW To Use Audi Cash To Buy Porsche

“Audi’s recent financial success – it is expecting to post a strong operating profit for 2009”

http://www.pistonheads.com/porsche/default.asp?storyId=20371
——————-
Porsche profit soars

“The company, which also makes the iconic 911 sports car, said it feels more optimistic for the year as a whole and now expects to match the profit it achieved in the previous fiscal year.”

http://www.marketwatch.com/story/porsche-profit-soars-on-value-of-volkswagen-stake
——————-

Not competitive? LOL

[Rt.66]

BMW returns to profit in second quarter

http://www.bangkokpost.com/news/world/151095/bmw-returns-to-profit-in-second-quarter
—————-

Volkswagen Profit Beats Estimates

“Volkswagen is feeling the impact of the crisis, no doubt, but they’re still performing comparatively well,”

http://www.bloomberg.com/apps/news?pid=20601100&sid=aGMAe5dQKkEY
—————-
VW To Use Audi Cash To Buy Porsche

“Audi’s recent financial success – it is expecting to post a strong operating profit for 2009”

http://www.pistonheads.com/porsche/default.asp?storyId=20371
——————-
Porsche profit soars

“The company, which also makes the iconic 911 sports car, said it feels more optimistic for the year as a whole and now expects to match the profit it achieved in the previous fiscal year.”

http://www.marketwatch.com/story/porsche-profit-soars-on-value-of-volkswagen-stake
——————-

Not competitive? LOL

[Rt.66]

BMW returns to profit in second quarter

http://www.bangkokpost.com/news/world/151095/bmw-returns-to-profit-in-second-quarter
—————-

Volkswagen Profit Beats Estimates

“Volkswagen is feeling the impact of the crisis, no doubt, but they’re still performing comparatively well,”

http://www.bloomberg.com/apps/news?pid=20601100&sid=aGMAe5dQKkEY
—————-
VW To Use Audi Cash To Buy Porsche

“Audi’s recent financial success – it is expecting to post a strong operating profit for 2009”

http://www.pistonheads.com/porsche/default.asp?storyId=20371
——————-
Porsche profit soars

“The company, which also makes the iconic 911 sports car, said it feels more optimistic for the year as a whole and now expects to match the profit it achieved in the previous fiscal year.”

http://www.marketwatch.com/story/porsche-profit-soars-on-value-of-volkswagen-stake
——————-

Not competitive? LOL

[Rt.66]

BMW returns to profit in second quarter

http://www.bangkokpost.com/news/world/151095/bmw-returns-to-profit-in-second-quarter
—————-

Volkswagen Profit Beats Estimates

“Volkswagen is feeling the impact of the crisis, no doubt, but they’re still performing comparatively well,”

http://www.bloomberg.com/apps/news?pid=20601100&sid=aGMAe5dQKkEY
—————-
VW To Use Audi Cash To Buy Porsche

“Audi’s recent financial success – it is expecting to post a strong operating profit for 2009”

http://www.pistonheads.com/porsche/default.asp?storyId=20371
——————-
Porsche profit soars

“The company, which also makes the iconic 911 sports car, said it feels more optimistic for the year as a whole and now expects to match the profit it achieved in the previous fiscal year.”

http://www.marketwatch.com/story/porsche-profit-soars-on-value-of-volkswagen-stake
——————-

Not competitive? LOL

[Rt.66]

BMW returns to profit in second quarter

http://www.bangkokpost.com/news/world/151095/bmw-returns-to-profit-in-second-quarter
—————-

Volkswagen Profit Beats Estimates

“Volkswagen is feeling the impact of the crisis, no doubt, but they’re still performing comparatively well,”

http://www.bloomberg.com/apps/news?pid=20601100&sid=aGMAe5dQKkEY
—————-
VW To Use Audi Cash To Buy Porsche

“Audi’s recent financial success – it is expecting to post a strong operating profit for 2009”

http://www.pistonheads.com/porsche/default.asp?storyId=20371
——————-
Porsche profit soars

“The company, which also makes the iconic 911 sports car, said it feels more optimistic for the year as a whole and now expects to match the profit it achieved in the previous fiscal year.”

http://www.marketwatch.com/story/porsche-profit-soars-on-value-of-volkswagen-stake
——————-

Not competitive? LOL

[Rt.66]

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[Allan from Fallbrook]

Scarlet: And, you make my point for me. Look at every one of those automakers from 2004 – 2009. Look at the overhauls and changes they’ve made, especially to their labor package and CBAs.

WHY are they more competitive? The answer is in the changes they’ve made to increase hours, cut union benefits and adjust wages.

Each AND every article you linked shows the results of bringing compensation and benefits in line to return the companies to profitability.

You made my point for me, thank you.

[Allan from Fallbrook]

Scarlet: And, you make my point for me. Look at every one of those automakers from 2004 – 2009. Look at the overhauls and changes they’ve made, especially to their labor package and CBAs.

WHY are they more competitive? The answer is in the changes they’ve made to increase hours, cut union benefits and adjust wages.

Each AND every article you linked shows the results of bringing compensation and benefits in line to return the companies to profitability.

You made my point for me, thank you.

[Allan from Fallbrook]

Scarlet: And, you make my point for me. Look at every one of those automakers from 2004 – 2009. Look at the overhauls and changes they’ve made, especially to their labor package and CBAs.

WHY are they more competitive? The answer is in the changes they’ve made to increase hours, cut union benefits and adjust wages.

Each AND every article you linked shows the results of bringing compensation and benefits in line to return the companies to profitability.

You made my point for me, thank you.

[Allan from Fallbrook]

Scarlet: And, you make my point for me. Look at every one of those automakers from 2004 – 2009. Look at the overhauls and changes they’ve made, especially to their labor package and CBAs.

WHY are they more competitive? The answer is in the changes they’ve made to increase hours, cut union benefits and adjust wages.

Each AND every article you linked shows the results of bringing compensation and benefits in line to return the companies to profitability.

You made my point for me, thank you.

[Author]

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