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      11-26-2008, 01:43 PM   #1
stickypaws
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A Cold Winter and Beyond

A major paradigm shift in the German auto industry is inevitable. Business as usual is no longer possible. BMW has $25 billion tied up in low interest leases in a market of shrinking residuals, similar to the toxic assets many banks hold.

The European automobile industry as we now know it will no longer be the same. As they shift focus in order to survive, we will eventually see a completely different model of the automobile buying experience.

http://www.spiegel.de/international/...592658,00.html
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      11-26-2008, 02:20 PM   #2
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People don't seem to realize the impact our financial situation has. It's no longer an American crisis, it's at a global level.
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      11-26-2008, 08:16 PM   #3
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We all new it was going to happen sooner or later, the ride was just to good, so now the reality check. Greed always comes undone!
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