Another sad day...

[Cheggers]

http://news.bbc.co.uk/1/hi/business/8024249.stm

[dollywobbler]

Sad for sure, but I do wish people would stop crying for the government to bail them out. The government cannot undo the forces of the market - nothing stays the same for ever and great names and companies will come and go. The government sinking money into banks is one thing - if the banks fall over, then chaos reigns (though hopefully when things pick up, having huge shares in banks may recoup some of the cost) but the government can't just keep pumping money out to everyone who needs it. I certainly sympathise with workers affected, but sadly life isn't always fair.

[FredTransit]

I bet you this will make the company a cheap buy for some foreign buyer....

[bones96]

http://news.bbc.co.uk/1/hi/business/8024249.stm

 

 

they look like transits to me ??????

[Timewaster]

http://news.bbc.co.uk/1/hi/business/8024249.stmthey look like transits to me ??????

No they are Maxuses. I guess 1 panel van looks much like another from that angle.

[Guest]

Even if the name goes bust, I imagine the Maxus van will continue to be knocked up somewhere, it's a recent design and seems to be quite well-liked.The idea of petitioning the government for loans seems daft, isn't the company owned by Russians? Can't they have a whipround?

[Station]

The single tragedy is losing another industry. What has happened in the last 30 years?! Why don't we have anything anymore?

[M'coli]

The single tragedy is losing another industry. What has happened in the last 30 years?! Why don't we have anything anymore?

Greed.

[Justin Case]

The single tragedy is losing another industry. What has happened in the last 30 years?! Why don't we have anything anymore?

Because the country is run by a bunch of merchant bankers

[VWPowered]

i remember luton 20 yeara ago, full of industrial promise but slowly they all left, AWD (formally Bedford), Electrolux, Whitbread then not so long ago Vauxhall now all gone seems at the time it was just about cheaper labour..i kinda had a future vision that the country would go under if a recession hit

[dollywobbler]

Um, Vauxhall are still at Luton - albeit only building vans these days.

[gtd2000]

The single tragedy is losing another industry. What has happened in the last 30 years?! Why don't we have anything anymore?

The real question is - Who is "we"... ?"We" (as in the common people) never had anything anyway - whether the owner(s) of the companies are from the UK or overseas it makes no difference to the people - as long as the masters are paying tax into the system and providing employment that's about all that matters.Of course "we" can't compete with labour that gets paid $300 a month at the end of the day. That's the bottom line why most items are not manufactured here anymore.From what I've read elsewhere that actual cost per unit of a vehicle is actually extremely low (lower than the retail prices for certain parts on their own in fact) it's all the compliance testing/certification and R&D that bumps up the price and then every Tom, Dick and Harry adding on his percentage of course.

[VWPowered]

tell you what, why dont you all move over here 2K each we'll get the hugest plot of land and open up a scrap autoshite style museum, i'd pay to go see that