Thursday May 24, 2012

JAPAN NEWS AND DISCUSSION

Japan stocks rebound on U.S. automaker hopes

Business Dec. 15, 2008 - 05:59PM JST ( 4 )

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rajakumarDec. 15, 2008 - 10:14PM JST

Japan stocks just holding on at 8000-8900 something points. Rebound means crossing 9000 pts.
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SargeDec. 15, 2008 - 11:22PM JST

"The renewed hopes ( of a bailout of the Big 3 ) lifted Japanese automakers"

I would think that the collapse of the Big 3 would be great news for the Japanese auto makers...
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bebertDec. 16, 2008 - 06:20AM JST

No. The collapse of any of the Big 3 would probably lead to the bankruptcy of several automotive suppliers. This would hurt everyone - foreign and domestic - since the Japanese rely on American parts for about 70% of the autos they manufacture in the United States. The reckless management of the big 3 has put the entire industry in a really precarious position - and the Federal government's meddling - especially with its CAFE laws - is making things worse.
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wanderlustDec. 16, 2008 - 08:21AM JST

1 trillion $ plus to US banks with minimum oversight, a legacy of the greed, deviousness and poor management; but they are balking at giving around 3% of that total to three car makers who while similarly incompetent, do at least manufacture something.

Guess it helps to have the secret handshake...