AD #2852 – JLR Gets Chinese Loan; White-Collar Workers Staying at Home; Bosch Helps Motorcyclists After Accidents

June 5th, 2020 at 11:41am

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Listen to “AD #2852 – JLR Gets Chinese Loan; White-Collar Workers Staying at Home; Bosch Helps Motorcyclists After Accidents” on Spreaker.

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Runtime: 11:38

0:07 Sales Will Take Years to Fully Recover
1:09 JLR Borrows Money from the Chinese
1:52 GM Scrambling to Make Pickups
2:43 Correcting Yesterday’s Math Mistake
3:00 New Bronco Will Debut in July
3:30 White-Collar Workers Staying at Home
4:17 IIHS Says AVs Shouldn’t Favor Rider Preference
5:05 Bosch System Reduces Motorcycle Emergency Response Time
6:01 Toyota Refreshes the Hilux Pickup
7:01 Toyota Forming Fuel Cell JV in China
7:37 The SEMA Show is Still a Go
10:08 IndyCar Gets Back to Real Racing
10:36 Photoshoppers Love the New BMW 4 Series Coupe

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27 Comments to “AD #2852 – JLR Gets Chinese Loan; White-Collar Workers Staying at Home; Bosch Helps Motorcyclists After Accidents”

  1. DanaPointJohn Says:

    The SEMA guidelines, coming out in a few weeks, for how to hold a 2020 show should be interesting. Curious how 100,000+ people will be able to walk a few inches from each other, go to parties, hit the casinos, ride in busses, and in general, keep from doing what is usually done at SEMA or when in Las Vegas. A suggestion: how about eliminating 50% of the attendees who are not in the industry (remember this is a trade show) and have no reason for being at the show. This goes for CES also. Stay tuned folks!

  2. Lambo2015 Says:

    Alix Partners; Have successfully forecast what? I’ve never heard of them but much like the so called experts that in 2008 stated it would take the housing industry 10 to 20 years to recover from the recession. Reality was more like half that. Home sales started to increase by 2012 and was back to pre-recession prices by 2015. They are currently 25% higher than in 2007 according to the Washington Post.
    I believe the auto industry could easily recover by end of 2022. Maybe I’m just a “cup half full person”.

  3. Lambo2015 Says:

    1 Should have a good idea what to expect as Vegas opened back up today. I would expect the SEMA show to operate very similar as the casinos plan to handle the crowds.
    Being out in Nov it will likely be even more lacks assuming no significant second wave.

  4. Lambo2015 Says:

    The Bosch motorcycle crash system could be good and bad. Obviously good if the crash is severe enough that you need medical attention. However if you have a single vehicle accident without an injury, you may just get police dispatched too and add insult to non-injury. Get a ticket in addition to damaging your bike. Thanks.

  5. kevin a Says:

    John, I LIKE the new BMW 4 series. Any word yet on when special versions will be available? I am specifically interested in the George Forman Grill edition. (just add a hinge in the middle of the grill and a handle on one side and you can make your own “grilled” cheese sandwiches!)

  6. John McElroy Says:

    #2. Lambo, the Alix people are top notch. Their specialty is in rescuing stressed companies, especially suppliers. They’re the ones who figured out how to take GM through bankruptcy in a little over a month. If GM had gone through the normal multi-year process it would probably not be in business today.

  7. Drew Says:

    @4 – The BMW motorcycle crash system seems similar to Ford’s SOS Post Crash. Emergency services don’t like automated 911 calls (too many false alerts), so Ford’s SOS Post Crash gives the driver the opportunity to abort the call. I would hope BMW’s system does the same.

  8. Buzzerd Says:

    BMW has a similar system to the Bosch – possibly just in Germany I’m not sure, anyhoo, when it detects a crash a person will attempt to call you through a small speaker on the bike. If there is no response 911 is notified. It’s a little more complicated than that but close enough.

  9. Roger Says:

    Toyota Hilux. Isn’t that the vehicle that they used to love to torture test on the British version of Top Gear? As I recall they drove one through the jungle, off a cliff, dropped from a height, rolled it and finally set it on fire – but the darn thing simply would not die. In tribute to it’s endurance they put it on display in the auditorium where they shoot the audience participation segments.

  10. Kit Gerhart Says:

    9. That, and Hilux is the vehicle of choice for terrorists around the world.

  11. cwolf Says:

    10 Gee Kit. So does that mean the next time we see someone in a Helix we should shoot’em ?

  12. Kit Gerhart Says:

    11. That’s Hilux, not Helix.

    I’ve seen stuff over the years about Toyota not liking that Al Qaeda, ISIS, et. al. use their vehicles, but Toyota doesn’t sell them to the terrorist organizations. Many, or most are stolen. I recently read that a lot of them come from Australia. They use them because they are reliable, and are easy to keep running, being sold about everywhere in the world except the U.S., so parts are available.

  13. lambo2015 Says:

    11 NO! that would be automotive profiling and profiling is wrong. :-)

  14. cwolf Says:

    I am lead to agree with Alix Parners auto recovery prediction for the most part.
    The industry is loaded with debt and we are already seeing massive worker reductions. Many of the talented and skilled will not return when things do improve.
    Other factors must be considered; Although home sales remain healthy in many areas, predictions indicate not only a slow down, but a reduction in home values in about 6 months.
    Nor should the stock market be ignored in the mix of things. The market remains strong. Actually it is way over valued and no one knows why or for how long. For the more wealthy potential home buyer, the risk exceeds the rewards by a good margin.
    Also, lets not forget a presidential election is not that far away. If 4 more years of Trump happens, we will have a lot more to worry about than the auto industry.
    Just sharing what I have been advised of for the near future.

  15. Tony Gray Says:

    I think that keeping all these white collar workers snug at home while factory workers toil away on the production line is going to cause significant animosity between labor and management. Yeah, I understand why, but when you can soon do just about anything with certain precautions on your OFF time, I think it sets a bad example to continue to work from home.

    But my opinion doesn’t count.

  16. george baresich Says:

    please bring your son back

  17. Kit Gerhart Says:

    16 John’s doing a great job. Nothing wrong with Sean, though.

  18. Larry D. Says:

    As usual, Alix and their ilk have no clue what they are talking about, and they do not even have the COMMON SENSE to see why they are so utterly wrong.

    Sales will recover QUICKLY because 1. there was NOTHING wrong with the economy before we voluntarily shut it down, 2. people have $ AND , most importantly, 3. will need cars MORE THAN EVER because ALL OVER THE WORLD people SHUN Mass transit AND drive their OWN (NOT SHARED!) cars instead. You heard it here today.

  19. Larry D. Says:

    6 John, I don’t care one bit if the Alix fools are better than the other fools who make utterly wrong forecasts all the time. They are 100% wrong here today and it is a matter of COMMON SENSE to see why. Use yours.The 2008 crisis was 10 times worse because the economy had HUGE problems, banks, autos etc. THIS crisis was not a crisis at all, we just shut down the best economy the PLANET has EVER SEEN for TWO MONTHS, and now it is opening and you can hear its ROAR in ANTARCTICA.

    Use your common sense, John and SEan. People will buy MORE CARS THAN EVER BEFORE because they are scared by the CV and will NOT even consider SHARING rides (there goes your AVs and the billions sunk into it). They will keep buying their OWN cars and even those WITHOUT cars will +SToP using mass transit and start DRIVING.

  20. Larry D. Says:

    2, 6, 19 etc. I am an Engineer specializing in Optimal solutions. Optimists think the glass is half full, Pessimists think it is half empty, and Efficiency Engineers correctly point out that the Glass is exactly and unnecessarily TWICE the size it should be.

  21. Larry D. Says:

    After many insane days and especially after yesterday’s huge rise of the markets by more than 3% or about 900 points, my portfolio this morning looks like the CV crisis never happened! It is HIGHER than it was at its ALL TIME PEAK a few months ago!

    I have posted before that the vast majority of US Consumers during the CV shutdown kept their jobs and their fat salaries Even if many did not work, AND COULD NOT SPEND IT. The usual dissenters pointed out the tiny minority who was unemployed and missed my point totally. ALL THAT CASH, what happened to it??? The recent surge in the markets may reflect their expectations for the future, as usual, BUT it could also be due to all these fools who waste their $ on VEGAS and Sports Betting and dog racing and all that CRAP they LOSE $ on, and instead went to the only only OPEN gambling place, the MARKETS.

    And it is not just the half trillion a year people blow on the above, they could not spend it anywhere else either, they could not FLy, take a CRUISE, Restaurants were closed, SPORTS Games all canceled, TRILLIONS of cash was accumulated by the CONSUMERS. Where did it go? Where will the rest of it go, that sits in their bank accounts, before the whole economy opens again and they can waste it in their old stuff?

  22. Larry D. Says:

    11 yes, that’s exactly what Kit meant. You are so perceptive. PS DO not forget to ask them questions later (after you shoot them)

  23. Kit Gerhart Says:

    The stock market is doing so well, only because interest rates are zero, and people need to put their money somewhere. These people who kept their jobs, and are not going on cruises, are putting a lot of that spare money in mutual funds and stocks, running up stock prices. My extra money from not going to restaurants, or maybe on a cruise, is sitting in money accounts earning almost no interest, but if I were younger, I’d be looking for someplace where it would do better.

    Tens of millions of jobs have gone away, and will not return. Amazon will not employ nearly as many people as are losing their jobs at J. C. Penney, Sears, and other “brick and mortar” retailers. Also, many millions of restaurant jobs will not return, if even a small number of people are like me. Before CV, I ate out 14 times a week. I now eat out not at all. After there is a vaccine or effective treatment for covid, I will go to restaurants again, but not nearly as often as I did.

    As far as car sales, many, or most of the people in jobs that will never return didn’t buy new cars, but they bought cars. Now, they will keep the cars they have longer. Yeah, people with money will drive more for vacations, etc., but millions of people will drive less, as they work from home. I’m not going to predict car sales one way or the other, except for myself. I’m “aging out” of buying a lot of new cars, and may age out of having three cars when, at most, I need two.

    Also, at one time, “conservatives” seemed to think massive national debt was not a good thing. They changed their minds about that, with the tax bill of 2017, and now, of necessity, there is far more additional debt. What effect does that ultimately have on the economy? Oh, and what happens when the “free money” from PPP runs out, and all of these “employed” people no longer have money to pay rent and buy food? Will the govt. borrow trillions more to keep these programs going?

  24. Larry D. Says:

    23 That’s the price of PROGRESS. It is utterly futile to cry over Horse and Buggy industry jobs that were lost because of the advent of the ICE cars, and never returned. MANY MANY MANY More and MUCH BETTER jobs replaced them, as the Economy grew and grew and became more productive through thew use of more machines and automation AND eliminated jobs most people would only accept because they do not have the education to look for a much better job. You are EXTREMELY negative in your evaluation, focusing on those low-paying jobs you ALLEGE will never return (they may very well return once we have Vaccine, and even without it, for restaurants, for example). Maybe you watch too much newtwork news (PBS which I watch is just as bad, totally negative, a Debbie Downer with a long face). SOme people just cannot appreciate how good we have it in this country, and most of them, it is because they have never taken a flight outside the US and seen how much BETTER we are from anything ON THE PLANET. And if you give me a counterexample of some itty-bitty nation, with a TINY population and huge natural resources, that you allege it is doing better, I can easily pinpoint a STATE within the 50 US States that is doing much better than that.

  25. Larry D. Says:

    23 PS re the zero interest rates, this is all over Europe too, and flies in the face of what economists complain all the time, about the Low US Savings rate. (I assume they do not include stocks and bonds, but just the stupid savings accounts which actually do not give you 0-1% but -2 to -3%, after INFLATION. But it is a good idea, even when one is young, to have some cash reserves,

    not only as a rainy day fund (the concept has become totally alien to today’s young idiots, who expect the Government to bail them out, with dollars coming from the Dollar Fairy, instead of taking RESPONSIBILITY and not living beyond their means. And PLENTY of people in the US do so, while in China, with 1/10th of the US average income, they save 40% of their $!,

    but also to have some cash for any bargain or promising investments.

  26. Kit Gerhart Says:

    25. It turned out that the high interest rates of the late 1970s-early 1980s were great for my parents. They had no debt, had recently inherited some money, and could safely get a 12-14% return on insured CDs. Inflation was high, but not nearly as high as CD rates, at least as it pertained to them, not borrowing money.

    24. I watch some PBS, and listen to NPR a lot.

    Some of the restaurant jobs will return, but based on my own case of “getting used to” not going to restaurants, I’ll be surprised if nearly all of them return. Some of those people are now Instacart shoppers/drivers. Anyway, time will tell how all of this sorts out. BTW, there are an awful lot of people stuck in these low paying jobs, with a median income of ~$31K for full time employees in the US.

  27. Larry D. Says:

    Yesterday I saw a Bolt (in “Awful Orange”) going down the parkway as I was driving up. WHat a graceless vehicle. Proportions all wrong, really ugly. By coincndence, a few seconds later, another ugly hatch, an early Fit (which looked a lot like the Aveo hatch from the outside), also in “Awful Orange”, came behind it. I see lots of Volts, the nerdy 1st gen and the civic-cruze-like 2nd gen, but they are nowhere that bad looking.

    Today I just saw a dark silver (gunmetal Grey?) Ferrari, it was stopped at its red light as I turned left and drove past it, the front looked really squashed (the opposite of the Fit and the Bolt), did not look good in that color at all, not sure what model it was. Its driver was on his stupid phone while waiting at the light. It would be ironic if he forgot and the Kia Rio behind him would have to honk to get him moving on green.

    I am sure that Ferrari drove much better than it looked, but driving a Ferrari with the stupid phone in your left hand is really STUPID, you will never get the full satisfaction of driving it.