edyvw
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Cultural differences. When Kyoto (I think) was hit by major earthquake, Riken, biggest piston rings supplier in Japan was particularly hit hard. All competition came to their help.
Wow, Tesla laying off more than 10% of its world wide workforce, two Top Executives leaving
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Renesas was hit very hard by the tsunami triggered by the quake; they made chips for use in automobiles. This was key in the car company slowdown. A great company; we sold them equipment.
At first I thought you were joking. Germany produces 3.1 million cars a year. This country produces over 10 million. And you're trying to compare them. You're like these guys that try to compare the wonders of Australia's healthcare system to ours. 26 million people there compared to 341 million here.
Used BMW's and Mercedes depreciate faster than a used condom on a sidewalk once they're out of warranty. And you want to make them talking points for your "proof" of how well socialism "works"? Good luck with that.
You have failed examples of socialism all over this world, in country after country. Decade after decade. All starring you in the face. Yet you think it's the prime reason for overpriced, problematic, fast depreciating luxury cars, for people who like to, "make a statement".
You know, looking at this from your point of view, you just might be right. If you think BMW and Mercedes are all that, I can then understand your love for socialism.
I get your point. But the European Union is in serious economic decline. And has been for several years now. This is being discussed everywhere.
If you punch in, "Why Europe Is In Trouble", you'll get a lot of convincing arguments as to why. I don't want to post any because many have political content. And while our illegal immigration issue here is currently horrible, and getting worse by the day, Europe's is far worse.
Even the Scandinavian nations are having a major problem with it. Many today say that some of the major European cities like London are no longer recognizable, when compared to what they were just 20 years ago. Add all of this up and it doesn't paint a portrait of success to say the least.
I can’t remember the specifics, but the state of California had plans to purchase xxxx units for government vehicles. Their stock shot up and somehow it was the largest (net worth) automotive company in the world. One of the many examples where politician’s spouses on both sides of the aisle did their insider trading too.
No surprise it had an overinflated worth. That’s a punishable crime in the state of New York if you’re a landowner in Florida, but that’s a little beyond the scope of this conversation.
*Good thing you sold when you did. The EV thing just isn’t working across all brands.
Seems some of the laid off workers got short changed on their severance packages, Elon issued apologies. Hopefully followed up with a check, apologies don't pay bills.
"“As we reorganize Tesla it has come to my attention that some severance packages are incorrectly low,” Musk wrote in the brief email. “My apologies for this mistake. It is being corrected immediately.”
I am sure Elon wasn't calculating the payments himself. Technically they could just leave them on the payroll for 60 days so I am surprised they didn't do that, so possibly some packages were more than the minimum.
Time will tell. I'm sure they'll make good.
Presumably he will want to ensure they get his package correct when he leaves shortly also. Maybe he can call a HR meeting
Exactly, after all at the end of the day Elon is in it for the $$$.Presumably he will want to ensure they get his package correct when he leaves shortly also. Maybe he can call a HR meeting
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I work 36hrs as software engineer and wife 20 hrs/week as PT. We both drive paid for vehicles always and in paid for home. It took a lot of self control to not be “normal”. I slump around in a base model 2015 Pilot bought for $13k cash.
People can afford to work easier schedules with proper education and control of their credit usage. My neighbors are both teachers who never work summers, work hard enough during school year and travel somewhere cheaply in their pop up camper in summer including Mexico.
I work 36hrs as software engineer and wife 20 hrs/week as PT. We both drive paid for vehicles always and in paid for home. It took a lot of self control to not be “normal”. I slump around in a base model 2015 Pilot bought for $13k cash.
edyvw
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Well, here is food for thought: BMW is largest US vehicle exporter in the US. A. You obviously have no idea what socialism is. B. You obviously have no idea what capitalism is.
Airplane ticket. Go see the world.
edyvw
$50 site donor 2025
Absolutely! They are in decline. No doubt. Not bcs. immigration, but mostly bcs. regulation.
However, that is not what socialism is. These are capitalist societies. We have a lot of socialist policies that were introduced by both parties. However, basic premise stays the same, all advanced societies are capitalist.
I am often in these cities that one “can’t recognize” and to say it is hyperbole would be an understatement.
Absolutely the way to go!
My Wife and I (both 31 now) moved out of our parents homes and bought our first home 10 years ago when we were 21. Ever since it's been finance after finance after finance. We've never missed a payment on anything and we've had some really nice cars etc! But seeing 1/4 to 1/3 of our wages go out in finance every single month drives me insane!
Our fixed rate mortgage deal is up in June 2027 and will need to be renewed (I think in the US you get a mortgage rate for the life of the property? But in the UK you pay a small premium over and above the Bank of England interest rate to 'lock in' at that rate for a fixed period which is usually limited to a maximum of 5 years after that it becomes 'variable' and follows the Bank of Englands interest rate plus a nominal amount unless you renew your fixed rate deal). We've made a financial plan to have everything (except my Wife's new car) paid off by then and then I want my Wife's new car paid off in 12 months after that. I hope then never to need any further finance unless absolutely necessary and start saving up instead.
It would be nice when I'm 45-50 to take my foot of the gas so to speak and maybe go a more menial job such as driving or stacking shelves in the supermarkets to make ends meet without the pressure of doing what I do now.
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BMW plant in Greer SC is not Union.
this happens when build a product the masses dont want
edyvw
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I highly doubt they are largest vehicle exporter bcs. that. Their all high paying jobs are in NJ.
Well it also happens when you invent something new and are the only game in town with an automobile with an electric motor instead of gas. But common sense says its nothing that different, same product (car) different motor.
So just a matter of time, the new kid on the block gets hit with the an influx of competition from the existing automakers and the world awash in his same product that was unique at one time and now the new kid on the block (TESLA) survival is based on a vehicle with and electric engine and the existing makers have the flexibility to sell both gas and electric, plus the existing makers have dealer networks and service centers almost in every town in the USA.
Also, (no surprise here) the public at large are not knocking down the doors for these VERY expensive vehicles with this new electric motor and all of sudden, barely out the gate it seems there is already a glut for excess electric cars. I KNEW it would happen, but happened MUCH faster than I even thought. People are not going to abandon legacy automakers because there is a new kid with VERY limited product line and only one engine option, electric.
Electrics are not going to go away, cat is out of the bag but they are not going to be the mainstream car of American families, at least not lithium battery electrics. I dont know what the answer ultimately with be for mass adoption, but I dont think anyone in this forum will be alive when the answer is found. Gasoline is convenient, very clean and very economical we just have a faction in society that wants to change that.
Most advanced societies are mixed economies, embracing the free market with capital use but government intervention to promote the greater good. The US and most of Western Europe are squarely mixed economies with the Scandinavian countries leaning more on socialism than the others.
That's why I'm still driving a 6 year old VW. I'd rather buy a lot of fun for a reasonable price that is practical than buy the most vehicle I can chasing a car payment. I can easily go car crazy if I let myself. I've done it many times in the past. The house isn't paid for yet, but we're getting close. Took me awhile to figure out this was the right way. We'll be there in less than 3 years. I wish I figured it out 10 years ago instead of 2 years ago.
I work my stupid schedule because I honestly like the work and the people I work with. It happens to pay well. I was doing it for other places that didn't pay what my current employer does. It's possible that when I don't owe anyone a dime I may get tired of the schedule, but for now it's a really big shovel to get to where you are now and the goal keeps my intensity up to get there.
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