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#1
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Sad news today from SIA
From today's bidness section, Washington Post - SIA Lafayette lays off 200+ workers (5%) due to slow sales of Isuzu Rodeo & Axxiom. But, notes that Suby products are doing well.
Gee - why can't we simply flush away this "desire" for SUVs? How about an SVX/Impulse hybrid? Both Italdesign. Both gotta' appeal to youth & mid-life crisis guys. Naaahhh! Makes too much sense. Ron.
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Good s**t happened. 69 was worth the wait. '92 stock semi-pristine ebony - 160K '96 Grand Caravan - 240K '01 Miata SE - 79K '07 Chrysler Pacifica - 60k - future money pit. |
#2
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Layoffs at Lafayette
Ron:
Ron, Can't say I'm surprised. Prior to the SIA tour, I'd been in several auto plants both in US & o/seas (used to be in OEM parts supply business), and in comparison, SIA was dead...not only was there very little production going on, but what looked like about 1/2 the plant space was unused/empty. My group tour guide actually told us when we passed several down assembly operations, that "the workers were on a lunch break." I almost laughed in his face. Once, one of my competitors had a QC problem that shut down a line at a Ford assembly plant for two days; I found out later that those two days cost Ford over $1.5 million, which is typical for an unplanned shutdown. Usually, the only time an auto plant ever shuts down is for model changeover...and it's done in less than a day. So, if SIA actually is closing down lines for lunch breaks, layoffs are just the beginning. No wonder there were so many long faces in that meeting we walked by during the tour. Dan room we walked by. |
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