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Anybody working in automotive related industries?

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Old Dec 20, 2008 | 05:41 PM
  #26  
FD3SFAN's Avatar
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Joined: Jan 2007
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From: Canada
I work in the industry designing bodykits, and I've been laid off 2 companies in Japan no less who just can't afford to keep me. Anyone looking for an Artist lol?

It's been a bad year for me.
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Old Dec 21, 2008 | 10:26 AM
  #27  
TD07's Avatar
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From: Dark Side Of The Moon
File for bankrupcy on a Friday, rehire non union on a Monday. Slash a ton of white collar weight. Dump the whole Chevy-GMC, Ford-Mercury bullshit. Get right back down to basics, simple, well built cars people want not what you want them to want. There will need to be serious job losses at both the plants, the office, and the dealers. But it's the ONLY way any of these companies will survive long term. Othwerwise we might as well let them fail right now, cause all your doing is postponing the inevitable. Tough times ahead, trying to avoid it with bailouts will only make them last longer.

I'm self employeed in the electrical service industry. I have yet to see a slow down, but I see it coming. Takes time to hit me since I am slightly removed from the oil industry. We in Alberta need to see the price of oil climb back up or we are in for a real ride.
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Old Dec 22, 2008 | 11:46 AM
  #28  
Buggy's Avatar
I've Been Wankeled!
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From: Hanover, Ontario
Originally Posted by thewird
Looks like the industry is getting some relief short-term. 17 billion for the US and 4.2 billion for the Canadian side. This is for Chrysler and GM only. For some reason Ford did not want a bailout. Maybe they are smarter/quicker at restructuring then the other 2.

thewird
Ford didn't beg for a bailout because for right now they're still in decent shape. They estimated they would be able to cope untill the end of 2009 without a bailout if things keep going the way they are. GM and Chrysler are screwed now, that's why they got a bailout.
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