Should Jaguar be bailed-out????

Generali

confused31 wrote: »

Look you havent got to be a genius, you must be really thick if you have had three companies and you still dont know how limited companies work???

Go and take a look at the shares, then go and google limited liability and it will tell you how it works with the shareholders.

Its not rocket science its just people come out with rubbish like currys are going to go into recievership, when there is a much bigger picture with other companies involved.

I dont know whether its ignorance or thickness, but the last thing we want in this present climate is a load of idiots spouting a load of rubbish, which is completely wrong.

Did your companies go under???

seeya

confused

If you want to continue with ad hominem attacks then frankly you can va te fait en couler petit con. Apologies to any French speakers.

Another one for the ignore list.

epz_2

Generali wrote: »

It's an interesting point. Basically the US propping up the car makers is like the UK doing the same for the ship builders or steel workers in the 1970s as what hey're doing has been superseded by others with better technology or cheaper labour.

IMHO energy costs and infrastructure will soon be a bigger determining factor than cheap labour going forward. With average wages in china over 3k now and people still scared over oil prices its looking less and less attractive to throw people at a problem and ship it around the world.

Robotics and the computers that control them are substantially cheaper now so why pay 3 people 3k a year, ship a product round the world and worry about quality control when you can pay a one off fee for a widget manufacturing machine that runs 24/7 with a substantially lower cost for electricity/maintenance.

thats why we need to invest in the infrastructure

scooter100_2

Potentially 150000 jobs are at stake if JLR went under.It is generally accepted that for every directly employed worker in a car factory there is another 10 employed by outside suppliers.If the comments on this thread are representative of the population at large then you have to think that whatever is coming in the next couple of years, then this country will truely deserve it.If the motor industry in this country gets no help from the government, then manufacturing in this country will be well and truely finished.JLR exports billions of pounds worth of cars to virtually every country on the planet and by that measure alone deserves support.Every other country in the world is at this moment extending help to their domestic car manufacturers that need help.Britain is a trading nation but without anything to trade then we will be looking at economic oblivion.All the foreign motor manufactureres would be p*ssing their pants with laughter at the thought of less competition if JLR or indeed any of our domestic manufacturers were to go under.British car plants are amongst the leanest and most productive in the world having been completely restructured when the Japanese transplants arrived and can compete against any other on quality and cost.

I have an interest in that i work in a car factory although not for JLR.I hope that for just once this government do the right thing and support British industry,otherwise this country is finished.

Generali

scooter100 wrote: »

Potentially 150000 jobs are at stake if JLR went under.It is generally accepted that for every directly employed worker in a car factory there is another 10 employed by outside suppliers.If the comments on this thread are representative of the population at large then you have to think that whatever is coming in the next couple of years, then this country will truely deserve it.If the motor industry in this country gets no help from the government, then manufacturing in this country will be well and truely finished.JLR exports billions of pounds worth of cars to virtually every country on the planet and by that measure alone deserves support.Every other country in the world is at this moment extending help to their domestic car manufacturers that need help.Britain is a trading nation but without anything to trade then we will be looking at economic oblivion.All the foreign motor manufactureres would be p*ssing their pants with laughter at the thought of less competition if JLR or indeed any of our domestic manufacturers were to go under.British car plants are amongst the leanest and most productive in the world having been completely restructured when the Japanese transplants arrived and can compete against any other on quality and cost.

I have an interest in that i work in a car factory although not for JLR.I hope that for just once this government do the right thing and support British industry,otherwise this country is finished.

Supporting bankrupt companies came close to finishing the UK's economy in the 1970s and looks like doing the same in the 2010s.

The IMF will be propping up UK Government borrowing by early 2010 I reckon unless priorities change quickly. World Governments can't all borrow trillions of dollars at the same time - who lends them the money? The only caveat is that the IMF doesn't run out of cash in the meantime. They've only got a few hundred milliard left.

scooter100_2

Generali wrote: »

Supporting bankrupt companies came close to finishing the UK's economy in the 1970s and looks like doing the same in the 2010s.

JLR isnt bankrupt. This governenment has already found the solution to where the trillions will come from.It wont borrow it, it will print it.Quantitative easing.

Generali

scooter100 wrote: »

JLR isnt bankrupt. This governenment has already found the solution to where the trillions will come from.It wont borrow it, it will print it.Quantitative easing.

Printing money doesn't turn a company that produces an unwanted product into one that is wanted. It's been obvious for many years that too many cars are produced. Some car companies need to go bust. JLR is as good or as bad as any other firm to go bust.

Printing money is part of the problem not the solution!

scooter100_2

Generali wrote: »

Printing money is part of the problem not the solution!

Didnt say i agreed with it but thats whats going to happen.
JLR products are wanted the world over.If they no longer manufacture them then the Chinese,Japanese or Germans will

Generali

scooter100 wrote: »

Didnt say i agreed with it but thats whats going to happen.
JLR products are wanted the world over.If they no longer manufacture them then the Chinese,Japanese or Germans will

If people wanted to buy enough of the product at a price that could sustain the manufacture of the product then the company wouldn't need a bailout!

scooter100_2

Generali wrote: »

If people wanted to buy enough of the product at a price that could sustain the manufacture of the product then the company wouldn't need a bailout!

JLR were doing very well up until 3 months ago until car sales worldwide fell off a cliff.That wasnt their fault.Product planning takes years as does changes to manufacturing systems.
Just had a quick search for what the Department of Trade and Industry's budget is, approx £7 billion to support 28 million workers against a welfare bill of £100 billion to support 7 million economically inactive people.If 1500000 people lost their jobs if JLR went under the welfare bill would cost more than the loan to tide them through.I know where id preferr my tax pounds to go.

Generali

scooter100 wrote: »

JLR were doing very well up until 3 months ago until car sales worldwide fell off a cliff.That wasnt their fault.Product planning takes years as does changes to manufacturing systems.
Just had a quick search for what the Department of Trade and Industry's budget is, approx £7 billion to support 28 million workers against a welfare bill of £100 billion to support 7 million economically inactive people.If 1500000 people lost their jobs if JLR went under the welfare bill would cost more the loan to tide them through.I know where id prefer my tax pounds to go.

That's great and as I don't pay UK taxes any more it isn't really my problem.

Out if interest and with respect I ask the following questions:

Whose fault is it that Jaguar don't sell enough cars to make the business work?
Also, for how long should British taxpayers support Indian owned businesses?
Finally, should the UK Government receive a stake in the business and if so should it be equity or debt? Voting or non-voting?