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2015+ S550 Mustangs
2015+ S550 Mustang Talk
No Aussie Mustang, No EU Camaro.
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<blockquote data-quote="thePill" data-source="post: 13122625" data-attributes="member: 119504"><p>It probably is widely known now that Ford Motor Company has dropped out of the Australian automotive market. While many were eager to see the Mustang down under, that just isn't going to happen. Ford lost a grand total of $141 million in '12-'13 and that is where it ends. Europe seems to be the next frontier for American vehicles. While an Aussie Mustang will be missed, don't pencil in a victory for the Camaro just yet. According to Bloomberg, GM has lost $18 billion in the EU since 1999. That said, GM lost $1.8 billion last year and is planning on a $2 billion dollar loss this year. Whats that mean? Well, most experts agree, GM is about to close shop and head home.</p><p></p><p></p><p></p><p>Nothing pleases me more than to see a dirty, rotten, good for nothing company repeat history, while throwing money at Nurburgring. This GM/EU market flop has an overwhelming affect on R&D across the board since "global" is the word.</p><p></p><p>Ford will halt all production of it's vehicles in AU in 2016. I imagine GM won't make it to EU to see the Camaro off. Chevrolet in general will most likely continue to test cars on Nurburgring... and that's all that really matters. Ford was smart enough to abandon a region where it had no hope of a turnaround. GM should make same move in Europe.</p><p></p><p>It wouldn't surprise me if GM literally had no idea they were losing $2,000,000,000 a year in Europe. In their defense, they never lost a dollar in Europe....... only Euro <img src="data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7" class="smilie smilie--sprite smilie--sprite1" alt=":)" title="Smile :)" loading="lazy" data-shortname=":)" /></p><p></p><p>Just for reference, General Motors had a $4.9 billion dollar profit in 2012 after the $1.8 billion lost in Europe. That's around 27% of profit lost to business as usual. No worries guv'na!!! Mr. Ammann said they can make that $20 billion back before the middle of the decade (this decade).</p><p></p><p>Wow, no sense of physical limitations at all... Another simulation?</p><p></p><p>Lets see...</p><p></p><p>13 straight years of losses in Europe? Check</p><p>$20,000,000,000 in the hole? Check</p><p>Making $20b profit in two years? Check?</p></blockquote><p></p>
[QUOTE="thePill, post: 13122625, member: 119504"] It probably is widely known now that Ford Motor Company has dropped out of the Australian automotive market. While many were eager to see the Mustang down under, that just isn't going to happen. Ford lost a grand total of $141 million in '12-'13 and that is where it ends. Europe seems to be the next frontier for American vehicles. While an Aussie Mustang will be missed, don't pencil in a victory for the Camaro just yet. According to Bloomberg, GM has lost $18 billion in the EU since 1999. That said, GM lost $1.8 billion last year and is planning on a $2 billion dollar loss this year. Whats that mean? Well, most experts agree, GM is about to close shop and head home. Nothing pleases me more than to see a dirty, rotten, good for nothing company repeat history, while throwing money at Nurburgring. This GM/EU market flop has an overwhelming affect on R&D across the board since "global" is the word. Ford will halt all production of it's vehicles in AU in 2016. I imagine GM won't make it to EU to see the Camaro off. Chevrolet in general will most likely continue to test cars on Nurburgring... and that's all that really matters. Ford was smart enough to abandon a region where it had no hope of a turnaround. GM should make same move in Europe. It wouldn't surprise me if GM literally had no idea they were losing $2,000,000,000 a year in Europe. In their defense, they never lost a dollar in Europe....... only Euro :) Just for reference, General Motors had a $4.9 billion dollar profit in 2012 after the $1.8 billion lost in Europe. That's around 27% of profit lost to business as usual. No worries guv'na!!! Mr. Ammann said they can make that $20 billion back before the middle of the decade (this decade). Wow, no sense of physical limitations at all... Another simulation? Lets see... 13 straight years of losses in Europe? Check $20,000,000,000 in the hole? Check Making $20b profit in two years? Check? [/QUOTE]
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