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25th May 2020, 21:29 | #11 | |
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Quote:
Putting aside the emotion, if nobody wishes to buy a product, then the manufacturer of said product, can either change the product they produce to a one that is saleable, or go belly up. In other words, why saddle the taxpayer with the burden of supporting a company who has concentrated it's resources manufacturing products that have a diminishing market. Brian State ownership of private companies rarely work out |
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25th May 2020, 21:50 | #12 | |
I really should get out more.......
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Quote:
The free market approach will see how viable a business is or can be and right now your comments about JLR are pretty much bang on. It has fallen behind other manufacturers and its probably not good for any Government or private investor to pour money into it. Looks like another RBS investment. Problem right now is the Government thinks it’s a good idea.
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26th May 2020, 21:37 | #13 |
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Well, we have got numerous companies applying for loans for up to billions of ££££s. All their owners are multi millionaires or billionaires. What’s the matter with society these days is that no one is really living in the real world. Ordinary people are allowed to run up thousand £££s on credit cards. £30,000 seems to be the norm these days for credit card debt. Everyone wants it now, and can not wait and save up like we used to do. Greed comes to mind. Which brings me to Jag and other companies who want helping out because of this damned virus produced in China. Before anything is lent to these companies, all their own private asset’s should be used to get as much as they can for it, before they are lent a penny.
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27th May 2020, 16:24 | #14 |
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I can see 'Green strings' being attached to any loan/bailout monies made available to JLR! . I've just been reading about the French government making €8billion available in the form of green incentives due to the slump in car sales.
"French President Emmanuel Macron has announced a massive increase in support for the French car industry" Upping the grant for a BEV from €6000 to €7000 & low income earners will get an extra €5000 if they exchange a combustion car for a new BEV. €12000 is a huge incentive.
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27th May 2020, 19:24 | #15 |
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If JLR go bump it will cost the country billions. Buy a stake in the companies not bail the greedy owners out. Ive said it for years why do the French and Spanish buy the cars made there but our police etc drive BMWs etc.
Nissan Toyota Mini Jaguar etc are employing UK workers lets keep them in jobs! https://www.youtube.com/watch?v=ISHfDzkl-Lc Last edited by coab; 27th May 2020 at 19:40.. Reason: no got marinabrians glasses on. |
28th May 2020, 22:02 | #16 |
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see nissan just posted $6bn loss , first loss since 2009, closing a couple of plants,one in indonesia and one in europe but going to make its europe
centre of operations in the uk. They reckon car sales have drop 60 percent over last year Last edited by genpk; 28th May 2020 at 22:05.. |
4th June 2020, 10:25 | #17 |
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I see Renault are experiencing a spot of bother too and have just secured a massive loan from the French govt:
https://uk.reuters.com/article/uk-re...-idUKKBN23A0RU |
4th June 2020, 19:37 | #18 |
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Mr Tata may employ a number of Britons, so did BL more I would guess. Mr Tata is on record as being as not being a man who likes Britain or the British, its the Empire don't y'know so he has a chip. Chris.S.
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4th June 2020, 19:39 | #19 |
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All the more reason not to bail out his company with taxpayer monies then
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