Should Jaguar be bailed-out????

Generali

scooter100 wrote: »

Nobody is building cars at the moment, that is why the factories are on short term working.Most car factories build to order they dont just build for the sake of it.As for getting people to go do something useful maybe we should start with the people who have £100 billion a year lavished on them for doing sweet FA.

I certainly agree with the latter part!

Perhaps you missed my other post but the real problem is going to be paying the bill. Look up 'bond vigilantes' on Google if you aren't familiar with the phrase.

scooter100_2

Generali wrote: »

I certainly agree with the latter part!

Perhaps you missed my other post but the real problem is going to be paying the bill. Look up 'bond vigilantes' on Google if you aren't familiar with the phrase.

I quite agree about paying the bill and think this country is fast heading for bankruptcy.Think i read that the risk premium on government gilts is now higher than McDonalds which is ridiculous for a sovereign nation and is an indication of where we are heading.
I still maintain that car manufacturing is worth saving in this country.If we manufacture nothing then as a trading nation we are doomed.

Generali

scooter100 wrote: »

I quite agree about paying the bill and think this country is fast heading for bankruptcy.Think i read that the risk premium on government gilts is now higher than McDonalds which is ridiculous for a sovereign nation and is an indication of where we are heading.

I think that what you are thinking of is CDS (credit default swap) pricing - a kind of insurance against default. The cost of a CDS on Gilts is higher than that on McDonalds. There could be many reasons for that one of which being that The Market deems the UK government to be a riskier bet than a hamburger chain. I have my doubts about that to be honest.

scooter100 wrote: »

I still maintain that car manufacturing is worth saving in this country.If we manufacture nothing then as a trading nation we are doomed.

Fair enough. It's a very tempting argument. I am old enough to remember the outcome in the 1970s though (just about) and I think the way to save things is to get rid of a lot of the regulations and taxes and make Britain a country to do business in again.

scooter100_2

Generali wrote: »

Fair enough. It's a very tempting argument. I am old enough to remember the outcome in the 1970s though (just about) and I think the way to save things is to get rid of a lot of the regulations and taxes and make Britain a country to do business in again.

There is a major difference between now and the seventies in that the pain and restructuring has already happened in the British car industry.There is no longer a 'them and us' mentality, we are all in it together.British car factories are amongst the most efficient in the world and are constantly being benchmarked against the competition.The 'British disease' which characterised lame duck industries in the 70's is certainly no longer applicable to the motor industry.

Generali

scooter100 wrote: »

There is a major difference between now and the seventies in that the pain and restructuring has already happened in the British car industry.There is no longer a 'them and us' mentality, we are all in it together.British car factories are amongst the most efficient in the world and are constantly being benchmarked against the competition.The 'British disease' which characterised lame duck industries in the 70's is certainly no longer applicable to the motor industry.

That's interesting. Are UK car factories really that efficient? I remember the left in the 1990s arguing that Britain was an inefficient, low wage, low skill, low productivity economy by Western standards.

scooter100_2

Generali wrote: »

That's interesting. Are UK car factories really that efficient? I remember the left in the 1990s arguing that Britain was an inefficient, low wage, low skill, low productivity economy by Western standards.

Nissan's Sunderland car plant sets new European productivity standards

• The UK has the two most productive plants in Europe according to World Markets Research Centre's annual European Automotive Productivity Index

http://www.prnewswire.co.uk/cgi/news/release?id=69602


But management and trade union relations have improved vastly since the dark days of the 1970s, and Halewood’s working practices, efficiency and quality control have been transformed. It is now regularly rated as one of Europe’s top-performing car plants.
http://www.ft.com/cms/s/0/41a5ef84-8dbf-11dd-83d5-0000779fd18c,dwp_uuid=c8fe91da-8dc3-11dd-83d5-0000779fd18c.html


Jaguar joy at JD Power rating in America

Apr 29 2004 Birmingham Post, Coventry Evening Telegraph
Jaguar and Land Rover have improved their JD Power survey customer ratings in the North American market and the West Midlands built Jaguar XJ saloon is ranked second in the luxury car segment.
http://www.coventrytelegraph.net/news/business-news/uk-coventry-business-news/2004/04/29/jaguar-joy-at-jd-power-rating-in-america-92746-14193314/


Jaguar comes top in Auto Zeitung 2006 quality report
The German motoring magazine Auto Zeitung has published its 2006 Quality Report and Jaguar has come out on top over strong competition from European and Japanese luxury car makers. More than 30,000 readers took part in the survey where they rated 33 brands overall for reliability, product quality and service. The same Auto Zeitung survey on quality ranked Jaguar in 18th place in 2004 and in 5th place in 2005.
http://www.autoindustry.co.uk/news/15-09-06_12


Above are just a few examples of the transformation that has occurred in the
UK motor industry. When a new model is introduced ,the manufacturing set up costs run into the hundreds of millions.With that amount of investment at stake a factory has to be as efficient as the competition.A car production line is now as advanced as anywhere seen in manufacturing with most if not all car plants fully automated.Low skill ? some are the majority are not.Low wages? They are probably the best paid jobs in manufacturing.As for low productivity if that was the case the factories would have already shut.

Generali

scooter100 wrote: »

Nissan's Sunderland car plant sets new European productivity standards

• The UK has the two most productive plants in Europe according to World Markets Research Centre's annual European Automotive Productivity Index

http://www.prnewswire.co.uk/cgi/news/release?id=69602


But management and trade union relations have improved vastly since the dark days of the 1970s, and Halewood’s working practices, efficiency and quality control have been transformed. It is now regularly rated as one of Europe’s top-performing car plants.
http://www.ft.com/cms/s/0/41a5ef84-8dbf-11dd-83d5-0000779fd18c,dwp_uuid=c8fe91da-8dc3-11dd-83d5-0000779fd18c.html


Jaguar joy at JD Power rating in America

Apr 29 2004 Birmingham Post, Coventry Evening Telegraph
Jaguar and Land Rover have improved their JD Power survey customer ratings in the North American market and the West Midlands built Jaguar XJ saloon is ranked second in the luxury car segment.
http://www.coventrytelegraph.net/news/business-news/uk-coventry-business-news/2004/04/29/jaguar-joy-at-jd-power-rating-in-america-92746-14193314/


Jaguar comes top in Auto Zeitung 2006 quality report
The German motoring magazine Auto Zeitung has published its 2006 Quality Report and Jaguar has come out on top over strong competition from European and Japanese luxury car makers. More than 30,000 readers took part in the survey where they rated 33 brands overall for reliability, product quality and service. The same Auto Zeitung survey on quality ranked Jaguar in 18th place in 2004 and in 5th place in 2005.
http://www.autoindustry.co.uk/news/15-09-06_12


Above are just a few examples of the transformation that has occurred in the
UK motor industry. When a new model is introduced ,the manufacturing set up costs run into the hundreds of millions.With that amount of investment at stake a factory has to be as efficient as the competition.A car production line is now as advanced as anywhere seen in manufacturing with most if not all car plants fully automated.Low skill ? some are the majority are not.Low wages? They are probably the best paid jobs in manufacturing.As for low productivity if that was the case the factories would have already shut.

So 'Left Wingers in Full of S h 1 t Shocker'. No change there.

bubblesmoney

i thought rover landrover were crap but was surprised to read yesterday on wiki (i assume wiki is reliable like it usually is) that they make the most cars in the safest bracket when it comes to car on car collisions etc. also they seem to have almost a monopoly in supplying the uk armed forces all these years. the wiki pages on rover and landrover made interesting reading.

aeuerby

In this years JD power survey, Jaguar came 5th and Land Rover 17th

http://www.whatcar.com/NonCar/7588125111.jpg

The 'S' type Jag came 6th
http://www.whatcar.com/NonCar/75881243591.jpg

lrr_2

Government (and us taxpayers) should only bail out companies that are beneficial to the british public

Jaguar are a company that do not make eco-friendly cars and only the rich can afford them so not in the best interests of all the british public (except for the job losses).

The government want to hammer these types of cars with road tax for being polluting cars yet they are considering bailing them out?

Why?