Tag Archive
The Portuguese Plant is Closing
GM is closing another major factory. The factory is in Portugal and it will close Oct. 31 of 2006. GM is constantly searching for ways to increase the profitability of the plant, but it seems that that’s not going to happen. Gerald Johnson, GM’s Europe director, announced the closing in a newspaper report on Friday.
Gerald Johnson said in the letter, reportedly sent to union representatives, that GM had delayed its decision to close the factory because the Portuguese government had asked for time to find a solution for making the Combo production unit more profitable, the newspaper said.
Though Johnson has already stated the plant will close, the Portuguese government is doing everything they can to ensure it doesn’t close because it is a big source of revenue for them.
Workers in Portugal and Germany walked out of plants earlier this month in protest after reports that the troubled company might cut jobs in Western Europe.
America is not the only country that’s hurting because of mismanagement in a few big companies. Germany and Portugal’s families have been hurt from layoffs and other things that sprung from our economy difficulties
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VW is laying off 6,000 workers
Everyone’s favorite German engineered car, VW, is going to be cutting jobs at their Brazilian plant. VW will be cutting 6,000 jobs to increase profitability; the workers that will be cut will be from the Metal Workers Union.
Volkswagan announced last May that there would be a restructuring plan that would take place. The restructuring would also reduce production for the exporting market. So far, the negotiations between VW and their workers have been on the rocks; however, VW is offering volunteer retiring program for their employees, which if I guess correctly, is probably better than what most American auto companies offered to their employees during restructuring.
So, it looks like even foreign car manufacturers are susceptible to loss too. While Toyota is adding workers and plants by the month, everyone else seems to be stagnant or in decline.
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Ford stresses that they’re really going to make their goal
Just yesterday I talked about how analysts did not believe Ford was going to make their 2008 goal of being a profitable company. Well, I think analysts still believe Ford will not make it, but Mark Fields, Ford’s president of Americas, believes they’re right on track.
He admits that they’re behind in some areas, but in other areas, he claims, Ford is way ahead of the game. So, that, in his mind, puts Ford in an “ok” position.
Like I said before, analysts still don’t believe Ford will make that goal. They say this because a weak inventory of new vehicles and a weary product strategy.
Ford has a lot of work to do. They’re supposed to be “innovation” driven, but it seems they’re still relying on large SUVs and trucks to keep them afloat. The buoyancy of their business is dependant upon a style of car that is becoming too expensive to drive and frowned on because of environmental issues.
Maybe Ford will stop trying to be “innovative” in their eyes and really become innovative. They’ve become innovative to their own definition, but I think their definition could be a tad off.
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Get peace of mind from the auto advantage
You may be asking yourself, why I should purchase an extended warranty from autowarranties.com.
Longevity
We’ve been selling extended warranties since 1979, so we’re not new to the game. We’ve been specialist in extended warranties/vehicle service contracts for new and used cars for 27 years.
Options
We have a plethora of options from which to choose. We have coverage for as little as 3 months to 14 years, or 3,000 miles to 170,000 miles. We have three basic auto warranty solutions. The Powertrain option covers engine parts and driveshaft parts. The component option covers various components in your new or used car. Finally, the bumper to bumper option is our best deal and the one we recommend to most people. The bumper to bumper is a powertrain and component warranty in one package, it’s the most complete package we have.
Affordable
We can offer you these great auto warranties at great prices. For just pennies a day we can give you peace of mind about your new or used car.
Whether you are across town or across the country when an unforeseen repair is required, your extended warranty from AUTO ADVANTAGE will provide you with peace of mind.
If you want to be protected from unforeseen repairs, we’d like to help.
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What does bumper-to-bumper coverage mean ?
At Autowarranties.com we pride ourselves in providing the best plans possible for new and used cars. But, there are many confusing terms that can bog people down when purchasing an auto warranty.
Today, we’ll discuss the bumper-to-bumper extended warranty for new cars.
The bumper-to-bumper warranty is the most comprehensive program that is offered here at Autowarranties.com, and we recommend it to people who want the all-around coverage for their new car.
We suggest Bumper to Bumper to those individuals who want maximum protection for their vehicle. This program covers all the major components on your vehicle.
Bumper to Bumper Coverage provides Mechanical Break-down coverage for repairs/replacements of ALL original equipment, manufacturers factory installed mechanical an electrical operating parts and assemblies on the covered vehicle.
Now that you’ve got a better understanding of what bumper-to-bumper means, check out our extended warranty page for new vehicles.
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Chryler, Dodge, and Jeep cut the term of their manufacturer’s warranty coverage for 2006 models
If you want to get the 7 year/70,000 mile manufacturer’s Powertrain coverage on your new Chrysler, Dodge or Jeep you will have to buy a 2005 model. Starting with the 2006 models the coverage will be limited to their 3-year/36,000 mile warranty.
Most people do not realize that extended Bumper-To-Bumper Wrap Around protection is also available to complement Chrysler’s 7 year/70,000 mile manufacturer’s Powertrain coverage. They generally think that when the 3-year/36,000 mile Bumper-To-Bumper coverage ends they are just plain out of luck. Incorrect, an extended warranty is available for both the 7 year extended Powertrain coverage as well as the 3 year Bumper-To-Bumper manufacturer’s warranty.
