On Aug 2, 2:10*pm, bernie > wrote:
> On Aug 2, 11:35 am, "alan" > wrote:
>
>
>
> > "lockjaw" > wrote in message
>
> ....
>
> > > A ridiculous time! *with 600 locations closing.
>
> > > never fly. *Plus Starbucks treats its employees very well.
>
> > > and Jack / Izzy? *the problem with GM *etc. ain't the unions -- it is
> > > the idiotic management
>
> > You're absolutely correct. *And although any serious economic analysis comes
> > to the same conclusion, don't expect Jack to allow himself to be confused by
> > the facts . . .
>
> * * BMW reported on Friday their profits this Q down 33%. Nissan
> reported Friday their quarterly profits down 48%. Along with Toyota
> and Honda auto sector profits are glum.
>
> * *http://www.tradingmarkets.com/.site/...STORY/1799680/
>
> * I find it hard to believe that all these companies have "idiotic
> management". Maybe the worst economy in about 50 years has something
> to do with it. Even if they were all producing hybrids at 100% plant
> capacity it wouldn't do any good if folks can't buy a new car.
> Bernie

Well "folks" can buy new cars, they just don't want 12 mpg SUVs and
trucks -- VERY high profit margin vehicles! small cars, uh not so
much.