Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?

To: energyplay who wrote (63348)	4/26/2006 7:53:28 AM
From: Think4Yourself	Respond to of 206326

Yes, many people are very nervous here. The automotive industry is still a major presence around here and the high gas prices have caused a marked change in buying habits. Delphi is also an issue as are the parts suppliers in general. They also have a major presence here. I am sure you know that much of the design for Ford, GM, and Chrysler vehicles is done in this area. My brother is in an area that has always been immune to layoffs as it is a key design aspect of all vehicles. It is a lean department to begin with but they are actually letting go one or two guys in his department at the end of this month. Benefits have also been reduced for most automotive retirees. People are uncomfortable with their levels of debt given the uncertain futures and current interest rates. Many also follow housing trends and are aware prices have started falling. Folks at GM are happy management has finally started comparing their cars with against those of other companies. I agree and have three incredibly reliable GM vehicles. GM has some good vehicles but they have been too "nice" to go out and tell people why their cars are better than a Toyota Camry or Honda Accord. They figured people would be smart enough to figure it out for themselves. Those days are over. GM will be attacking the competition head on from here on out. Funny thing is, the $3 gas and high prices for NG appears to be having no impact on people's thinking. I repeatedly hear it's the interest rates and uncertain future that worry people.