Not Logged In Log In   Sign Up   Points Leaders
Follow Us    10:01 AM

GasBuddy News Article

49
votes
Crisis Hits German Luxury Carmakers

Der Spiegel -- In the first sign that the global economic crisis may be returning to the luxury car industry, Germany's Daimler has reduced its earnings forecast for next year, while Porsche said it would also build fewer cars. The market in China, which helped keep German manufacturers above water in recent years, is slowing.

Read the Full Article

Submitted Sep 22, 2012 By: Eugenian
Category: Daily News Article Discussions > Topics Add to favorite topics  
Author Topic: Crisis Hits German Luxury Carmakers Back to Topics
REPLIES (newest first) Post a Reply
honda0105
Champion Author Tallahassee

Posts:24,091
Points:2,393,340
Joined:Nov 2008
Message Posted: Sep 24, 2012 11:10:49 PM

Truth: maybe... but I agree, China is a big factor on the world economic stage, no doubt.
TruthMatters
Champion Author New Jersey

Posts:3,681
Points:1,207,660
Joined:Oct 2011
Message Posted: Sep 24, 2012 6:03:03 AM

Xenophobes take note: As China goes, so goes the world!
HailstormCA
Champion Author San Diego

Posts:10,618
Points:2,147,625
Joined:Nov 2008
Message Posted: Sep 23, 2012 9:28:00 AM

Oh, the shame of it all.
DanMtz
Champion Author Oakland

Posts:6,618
Points:2,025,815
Joined:Oct 2009
Message Posted: Sep 23, 2012 8:31:45 AM

Oh, what a crisis! Cognac imports to Germany will surely take a hit...
tomok
Champion Author Portland

Posts:46,329
Points:3,128,985
Joined:Aug 2006
Message Posted: Sep 23, 2012 3:42:20 AM

Crisis! Der Spiegel! Crisis! The economy is much worse than what politicians will let you believe and it does not matter what manufacturer or country it affects. 'Coming out of the closet' Chucks lousy, smoke and mirrors, lack of jobs, dog and pony show and in the crapper economy, the jobs are Not here. Chuck's economy is not improving but continues to hurt the population and the job numbers continue to be down – no matter how smoooooth talking Chuck spins those numbers and he can spin them! People will still drive and buy fuel, no matter what, but it sure helps to have a job too!
A brand of luxury vehicle I will never drive, afford or ever care about!
Whatever the size or shape of the vehicle, Produce and ‘Drive’ vehicles with high MPG, are very safe, reliable, have a ‘reasonable’ cost and a good ‘value’ for the money.
The price of fuel at the pump is too high!
12/22/2012!
us4usa
Champion Author Missouri

Posts:7,163
Points:1,564,650
Joined:May 2008
Message Posted: Sep 22, 2012 11:11:14 PM

I called last week to canc. our order... When asked why, I told them we had to buy gas and food this week...
kcboy
Champion Author Utah

Posts:6,269
Points:2,065,995
Joined:Jun 2005
Message Posted: Sep 22, 2012 11:09:24 PM

Ok
rtw777
Champion Author Florida

Posts:12,658
Points:2,625,245
Joined:Jan 2008
Message Posted: Sep 22, 2012 11:05:09 PM

Luxury cars are not a good indicator for the economy.
carinthuist
Champion Author San Francisco

Posts:6,133
Points:1,038,925
Joined:Mar 2012
Message Posted: Sep 22, 2012 10:57:47 PM

economy cutting on luxury autos
tidalwave3
Champion Author Tallahassee

Posts:2,780
Points:2,190,395
Joined:Jun 2008
Message Posted: Sep 22, 2012 10:56:55 PM

It will catch up to you ...
PithyOpiner
Champion Author Stockton

Posts:18,731
Points:2,104,845
Joined:Jun 2008
Message Posted: Sep 22, 2012 10:56:38 PM

Well, tell 'em to lower their prices. Their cars are too expensive for us poor slobs.
HA4CNN
Champion Author Toronto

Posts:8,657
Points:2,280,090
Joined:Dec 2006
Message Posted: Sep 22, 2012 10:54:56 PM

When times get tough spending slows.
wang91554
Champion Author San Jose

Posts:6,297
Points:1,953,875
Joined:May 2009
Message Posted: Sep 22, 2012 10:49:17 PM

counting on chinese consumers is always iffy
q2
Champion Author Alberta

Posts:5,289
Points:1,154,920
Joined:Nov 2008
Message Posted: Sep 22, 2012 10:46:10 PM

ok
Marson
Champion Author Scranton

Posts:12,104
Points:2,844,410
Joined:Oct 2006
Message Posted: Sep 22, 2012 10:45:17 PM

It sounds like China is on the brink of a big economic problem.
AKmailman
Champion Author Alaska

Posts:8,919
Points:2,335,770
Joined:Jul 2004
Message Posted: Sep 22, 2012 10:44:07 PM

mercs and porsches aren't what they used to be
bonzoonfmb
Champion Author Florida

Posts:2,540
Points:888,110
Joined:Feb 2010
Message Posted: Sep 22, 2012 10:43:27 PM

I believe that China is going to have some severe economic problems in the near future. The news that the German economy is slowing now also is not good news but not unexpected. The German automakers have a product mix that is well-rounded and in high demand during most economic conditions. They do not tool their factories to produce large vehicles that are only in demand during times of accelerated economic growth.
lesndave
Champion Author Texas

Posts:6,165
Points:1,476,430
Joined:May 2011
Message Posted: Sep 22, 2012 10:42:22 PM

Hmmmm
charladan
Champion Author Virginia

Posts:1,142
Points:934,880
Joined:Jun 2011
Message Posted: Sep 22, 2012 10:38:24 PM

Harley Davidson is staying profitable only because of China also.
skyking19
Champion Author Little Rock

Posts:2,733
Points:2,204,735
Joined:Jan 2007
Message Posted: Sep 22, 2012 10:38:19 PM

Global economy is in the skids for a few more years.
trytogetby
Champion Author Cincinnati

Posts:1,149
Points:284,860
Joined:Apr 2012
Message Posted: Sep 22, 2012 10:37:48 PM

Well that's just to bad . My heart bleeds for the rich , spoiled people.
WIWalt
Champion Author Wisconsin

Posts:4,886
Points:1,190,820
Joined:Mar 2012
Message Posted: Sep 22, 2012 10:34:59 PM

The good old days are a thing of the past never to return
Jeeputtputt
Champion Author Ohio

Posts:3,042
Points:693,325
Joined:Aug 2009
Message Posted: Sep 22, 2012 10:32:17 PM

O' what a shame..
mplato
Champion Author Columbia

Posts:11,016
Points:2,551,270
Joined:Jun 2004
Message Posted: Sep 22, 2012 10:30:56 PM

this is the second dip caused by obummer...world wide again
OGW
Champion Author London

Posts:7,135
Points:2,194,965
Joined:Sep 2005
Message Posted: Sep 22, 2012 10:30:23 PM

We can't afford cheap cars let alone luxury vehicles.
eswi
Champion Author Madison

Posts:5,760
Points:1,464,135
Joined:Mar 2009
Message Posted: Sep 22, 2012 10:28:04 PM

OK
Thadius330
Veteran Author San Antonio

Posts:403
Points:90,820
Joined:Aug 2012
Message Posted: Sep 22, 2012 10:26:55 PM

Ok
WE0H
Champion Author Twin Cities

Posts:1,662
Points:567,750
Joined:Feb 2011
Message Posted: Sep 22, 2012 10:24:07 PM

You think the high gas prices have something to do with it?
nimpy
Champion Author Indianapolis

Posts:10,981
Points:2,407,040
Joined:Oct 2007
Message Posted: Sep 22, 2012 10:22:58 PM

Why don't I feel sympathy
TRYWI
All-Star Author Appleton

Posts:898
Points:282,150
Joined:Jan 2012
Message Posted: Sep 22, 2012 10:22:24 PM

ok
mrbee
Champion Author Little Rock

Posts:7,024
Points:3,246,580
Joined:Oct 2005
Message Posted: Sep 22, 2012 10:22:08 PM

Oh no!
Tekkersmom57
Champion Author Syracuse

Posts:5,114
Points:1,476,715
Joined:May 2010
Message Posted: Sep 22, 2012 10:21:40 PM

I'm not really surprised with the information in this article. There are rough times and cut backs all over. Our economy is presently in the dumps and needs to somehow find a way back out.
WIPACKERFAN
Champion Author Chicago

Posts:12,054
Points:2,622,730
Joined:Aug 2005
Message Posted: Sep 22, 2012 10:19:30 PM

This is a global economy.
pizzaman09
Champion Author Indiana

Posts:1,635
Points:1,468,600
Joined:Feb 2009
Message Posted: Sep 22, 2012 10:18:29 PM

OLE WELL.
abcdMA
Champion Author Worcester

Posts:11,137
Points:2,344,665
Joined:Nov 2008
Message Posted: Sep 22, 2012 10:13:52 PM

the economy is going to drop back into recession soon
serrog
Champion Author Nova Scotia

Posts:8,827
Points:2,293,140
Joined:Oct 2008
Message Posted: Sep 22, 2012 10:13:38 PM

More than that in crisis
mstearno
Champion Author Dayton

Posts:9,689
Points:2,360,560
Joined:Jan 2008
Message Posted: Sep 22, 2012 10:12:20 PM

no enonomy?
DEG
Champion Author Las Vegas

Posts:20,761
Points:4,248,605
Joined:Jul 2003
Message Posted: Sep 22, 2012 10:11:27 PM

Sorry for the German automakers. However, a slowing in China may have benefits worldwide.
Bleeder
Champion Author Virginia

Posts:8,121
Points:2,273,865
Joined:Jan 2008
Message Posted: Sep 22, 2012 10:11:19 PM

That's what they have been making their money on for years. Time to live off their profits for a little while.
hammer219115
Veteran Author Pennsylvania

Posts:451
Points:25,810
Joined:Aug 2006
Message Posted: Sep 22, 2012 10:07:10 PM

Too bad
WeasleyOC
Champion Author Orange County

Posts:6,282
Points:1,576,880
Joined:Jul 2008
Message Posted: Sep 22, 2012 10:03:36 PM

Misery loves company.
TelsaOR
Champion Author Oregon

Posts:3,596
Points:740,215
Joined:Jan 2011
Message Posted: Sep 22, 2012 10:00:26 PM

Economics.
achas
All-Star Author Charlotte

Posts:500
Points:74,395
Joined:Aug 2012
Message Posted: Sep 22, 2012 9:59:26 PM

THEY WLL NOT BE THE ONLY ONES - MORE COMPANIES NOT JUST THE AUTO WILL BE TIGHTENING THEIR BELTS
v8gazguzler
Champion Author Ottawa

Posts:9,469
Points:1,658,230
Joined:Sep 2008
Message Posted: Sep 22, 2012 9:59:00 PM

Whatever!
badspots
Champion Author Houston

Posts:2,105
Points:982,940
Joined:Feb 2011
Message Posted: Sep 22, 2012 9:52:58 PM

Ok.
SavALot
Champion Author Virginia Beach

Posts:10,870
Points:2,451,910
Joined:Apr 2005
Message Posted: Sep 22, 2012 9:52:50 PM

Are Volkswagen car owners safe?
danreino
Champion Author Twin Cities

Posts:9,828
Points:1,838,480
Joined:Mar 2008
Message Posted: Sep 22, 2012 9:49:33 PM

Must be rough...
dollarwatcher
Champion Author Wisconsin

Posts:9,932
Points:2,000,000
Joined:Mar 2007
Message Posted: Sep 22, 2012 9:48:53 PM

Wonderful, Now I'll have to wait longer for my Porsche.
megadiesellv
Champion Author Atlanta

Posts:1,474
Points:508,835
Joined:Sep 2011
Message Posted: Sep 22, 2012 9:47:30 PM

Ok.
mcmonsta
Champion Author Honolulu

Posts:6,198
Points:1,587,975
Joined:Sep 2009
Message Posted: Sep 22, 2012 9:46:29 PM

it will come back
my2002m
Champion Author Tulsa

Posts:9,209
Points:2,444,740
Joined:Jul 2008
Message Posted: Sep 22, 2012 9:46:22 PM

Too bad for them.
Post a reply Back to Topics