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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.

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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
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honda0105
Champion Author Tallahassee

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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.
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TruthMatters
Champion Author New Jersey

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Message Posted: Sep 24, 2012 6:03:03 AM

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

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Message Posted: Sep 23, 2012 9:28:00 AM

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

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Message Posted: Sep 23, 2012 8:31:45 AM

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

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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!
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us4usa
Champion Author Missouri

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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...
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kcboy
Champion Author Utah

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Message Posted: Sep 22, 2012 11:09:24 PM

Ok
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rtw777
Champion Author Florida

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Message Posted: Sep 22, 2012 11:05:09 PM

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

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Message Posted: Sep 22, 2012 10:57:47 PM

economy cutting on luxury autos
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tidalwave3
Champion Author Tallahassee

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Message Posted: Sep 22, 2012 10:56:55 PM

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

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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.
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HA4CNN
Champion Author Toronto

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Message Posted: Sep 22, 2012 10:54:56 PM

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

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Message Posted: Sep 22, 2012 10:49:17 PM

counting on chinese consumers is always iffy
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q2
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Message Posted: Sep 22, 2012 10:46:10 PM

ok
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Marson
Champion Author Scranton

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Message Posted: Sep 22, 2012 10:45:17 PM

It sounds like China is on the brink of a big economic problem.
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AKmailman
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Message Posted: Sep 22, 2012 10:44:07 PM

mercs and porsches aren't what they used to be
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bonzoonfmb
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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.
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lesndave
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Message Posted: Sep 22, 2012 10:42:22 PM

Hmmmm
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charladan
Champion Author Virginia

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Message Posted: Sep 22, 2012 10:38:24 PM

Harley Davidson is staying profitable only because of China also.
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skyking19
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Message Posted: Sep 22, 2012 10:38:19 PM

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

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Message Posted: Sep 22, 2012 10:37:48 PM

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

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Message Posted: Sep 22, 2012 10:34:59 PM

The good old days are a thing of the past never to return
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Jeeputtputt
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Message Posted: Sep 22, 2012 10:32:17 PM

O' what a shame..
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mplato
Champion Author Columbia

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Message Posted: Sep 22, 2012 10:30:56 PM

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

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Message Posted: Sep 22, 2012 10:30:23 PM

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

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Message Posted: Sep 22, 2012 10:28:04 PM

OK
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Thadius330
Veteran Author San Antonio

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Message Posted: Sep 22, 2012 10:26:55 PM

Ok
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WE0H
Champion Author Twin Cities

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Message Posted: Sep 22, 2012 10:24:07 PM

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

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Message Posted: Sep 22, 2012 10:22:58 PM

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

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Message Posted: Sep 22, 2012 10:22:24 PM

ok
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mrbee
Champion Author Little Rock

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Message Posted: Sep 22, 2012 10:22:08 PM

Oh no!
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Tekkersmom57
Champion Author Syracuse

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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.
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WIPACKERFAN
Champion Author Chicago

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Message Posted: Sep 22, 2012 10:19:30 PM

This is a global economy.
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pizzaman09
Champion Author Indiana

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Message Posted: Sep 22, 2012 10:18:29 PM

OLE WELL.
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abcdMA
Champion Author Worcester

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Message Posted: Sep 22, 2012 10:13:52 PM

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

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Message Posted: Sep 22, 2012 10:13:38 PM

More than that in crisis
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mstearno
Champion Author Dayton

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Message Posted: Sep 22, 2012 10:12:20 PM

no enonomy?
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DEG
Champion Author Las Vegas

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Message Posted: Sep 22, 2012 10:11:27 PM

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

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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.
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hammer219115
Veteran Author Pennsylvania

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Message Posted: Sep 22, 2012 10:07:10 PM

Too bad
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WeasleyOC
Champion Author Orange County

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Message Posted: Sep 22, 2012 10:03:36 PM

Misery loves company.
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TelsaOR
Champion Author Oregon

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Message Posted: Sep 22, 2012 10:00:26 PM

Economics.
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achas
All-Star Author Charlotte

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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
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v8gazguzler
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Message Posted: Sep 22, 2012 9:59:00 PM

Whatever!
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badspots
Champion Author Houston

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Message Posted: Sep 22, 2012 9:52:58 PM

Ok.
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SavALot
Champion Author Virginia Beach

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Message Posted: Sep 22, 2012 9:52:50 PM

Are Volkswagen car owners safe?
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danreino
Champion Author Twin Cities

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Message Posted: Sep 22, 2012 9:49:33 PM

Must be rough...
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dollarwatcher
Champion Author Wisconsin

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Message Posted: Sep 22, 2012 9:48:53 PM

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

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Message Posted: Sep 22, 2012 9:47:30 PM

Ok.
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mcmonsta
Champion Author Honolulu

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Message Posted: Sep 22, 2012 9:46:29 PM

it will come back
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