Showing posts with label financial crisis. Show all posts
Showing posts with label financial crisis. Show all posts

Sunday, January 25, 2009

No Bulls! Only great Wishes.

Hppy CNY for ya 'll Beautiful folks !^^



The year ahead will be in a financial turmoil for many one of us.

It's not gonna be a bullish year for businesses . Big bonuses are a thing of the recent past.


So let's be positive and hope for other things this year.

Such as romance (and lust!) . Happiness and a sense of accomplishment in what ever we do.


And hopefully pave the way ahead for better things to come.

Happy NIU Year!!!


Q.. XOXO

Monday, December 15, 2008

Suzuki Swiftly Suspends

Suzuki's calling it Quits.

Too.



Suzuki became the second Japanese motorsport giant to withdraw from a motor racing discipline on Monday after announcing they would not compete in the 2009 world rally championship largely because of the present financial crisis.


The decision follows a disappointing season in which they finished fifth out of six in the constructors championship and after Honda announced they were withdrawing from Formula One.

"The company, however, foresees the shrinking trend in longer periods of time rather than a short-term phenomenon.

"To secure its own business environment for tomorrow, the organization reviews every aspect of the operations and decided to focus on the core business functions such as the manufacturing system, environment technologies, and development of new-generation powertrains.

"As a result, Suzuki concluded to suspend the WRC activities from 2009."


However, Suzuki have always struggled on account of inadequate funding into development of the car since they made their debut in the 2007 Rally of Corsica. ~MSN news

***
2 Motor sport giants quiting their niche agendas within weeks of each other.

***While, the big US carmakers are on the verge of complete collapse.


We'll be reverting to bullock carts soon.

Who needs electric, hybrids or alternative fuelled cars now?

Q... less money . More Clean Air, eh?


>>(As long as Subaru doesn't quit the WRC and Ferrari doesnt either for F1, there's still some action there. Somewhere. Erm, let's not jinx it.)

Thursday, December 4, 2008

One for All F1 for None

Honda is quiting F1.

A racing Dynasty has come to an end.

The all-new Honda City; too expensive for its own good.

Honda has announced that it was pulling out of Formula One due to the global financial crisis, raising further concerns over the notoriously expensive sport's future.


Honda Motor president Takeo Fukui made the announcement at an emotional press conference, repeatedly apologising to fans, staff, drivers and F1 authorities.

"Honda Motor Co. has come to the conclusion that we will withdraw from all Formula One activities, making 2008 the last season for participation," Fukui said.
"This difficult decision has been made in light of the quickly deteriorating operating environment facing the global auto industry, brought on by the subprime problem in the United States, the deepening credit crisis and the sudden contraction of the world economies,"
he added.

Honda has been involved with F1 since 1964 and has clocked up three wins, including Jenson Button's in Hungary in 2006. ~MSN news


See, what they should do ... is to stop over-paying their F1 Drivers.



Q ... Honda is synoymoous with F1 . End of an exciting Era.