[Newsbot]

Title: Auto parts maker Magna says year ahead gloomy as it posts US$148M Q4 loss
Category: Business
Posted By: bootlegga
Date: 2009-02-24 08:45:16
Canadian

[bootlegga]

Maybe they should make more parts for Toyota and less for GM.

[stemmer]

What scares me the most about Magna failing is the thought of Belinda returning to politics....

[mtbr]

stemmer wrote:

What scares me the most about Magna failing is the thought of Belinda returning to politics....

why? you two would be on the same page, protectionism she would want to protect her market as well. Unless of course as mentioned if she has any brain cells in her head(doubt it) she would pursue Toyota and Honda more actively.

[stemmer]

bootlegga wrote:

Maybe they should make more parts for Toyota and less for GM.

GM's problem is not a sales problem but more of a problem they pay out more in pension and healthcare then wages to current employees...

I always get a kick out people who insist GM's problem is a sales problem but fail to mention sales from everyone in the auto sector is down... GM outsold every car manufacturer last year, except for Toyota...

[stemmer]

GM outsold Honda.....

[mtbr]

stemmer wrote:

bootlegga wrote:

Maybe they should make more parts for Toyota and less for GM.

GM's problem is not a sales problem but more of a problem they pay out more in pension and healthcare then wages to current employees...

I always get a kick out people who insist GM's problem is a sales problem but fail to mention sales from everyone in the auto sector is down... GM outsold every car manufacturer last year, except for Toyota...

well I hope so since than manufacture and sell in every part of the world from China to Brazil.

[bootlegga]

stemmer wrote:

bootlegga wrote:

Maybe they should make more parts for Toyota and less for GM.

GM's problem is not a sales problem but more of a problem they pay out more in pension and healthcare then wages to current employees...

I always get a kick out people who insist GM's problem is a sales problem but fail to mention sales from everyone in the auto sector is down... GM outsold every car manufacturer last year, except for Toyota...

Why do you think I said what I said...

[stemmer]

Quote:

Maybe they should make more parts for Toyota and less for GM.

Maybe that had something to do with it... Since last year was the first and only year any auto company outsold the general....