A Cold Winter and Beyond

stickypaws · 11-26-2008, 01:43 PM

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

nmulax · 11-26-2008, 02:20 PM

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.

watrob · 11-26-2008, 08:16 PM

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!

11-26-2008, 01:43 PM	#1
stickypaws Dictator Drives: people crazy Join Date: Mar 2008 Location: where you want to be Posts: 1,817 iTrader: (0)	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
nmulax Brigadier General Drives: '07 Z4 M Coupe Join Date: May 2006 Location: Metro-Detroit Posts: 4,316 iTrader: (5) Garage List 2007 Z4M Coupé [3.83]	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. __________________

11-26-2008, 08:16 PM	#3
watrob Major Drives: MY2013 X5M 50d - White Join Date: Sep 2008 Location: Brisbane - Australia Posts: 1,490 iTrader: (0)	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! __________________ X5 M50d White, 20"rims, Adaptive Drive, HUD, Xenon Adapt Lights, Rear/Side Camera, Sunroof, Auto Tailgate, Comfort Access, Active Perforated Ventilated Comfort Seats, M Paddle Shift, Active Crus, Stop/Go, Proff Nav + TV, DAB, 16 Spk Ind HiFi, USB, Internet, Apps, 4 Zone Air, Towbar 20% Tint, 5mm Castor Bushes, Yellow Calipers, Ceramic Pads

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