Opinion Kilcrohane's view of the Automotive Industry and Global Economy. Part Deux.

[BMW4ever]

In last 3/4 years of JLR's since 2015/16 death spiral we've had the excuses, cover stories trotted out:

'Brexit', 'Covid', 'Chip shortage', 'Supply Chain Shortage', 'Dog ate homework', 'Time of the month', 'Darren couldn't be bothered coming in this morning' ... .

Reality: chronic and accelerating demand shortage for ridiculously priced, mpg/range half fraudulent DfT official, more fragile than Aldi middle aisle plastic goods, chavmobiles:

Jaguar Land Rover to send home 1000s of employees amid supply shortage

The firm - which has major plants at Solihull in the West Midlands, and Halewood, Merseyside, plans to restrict operations from next week until the end of September.

www.dailymail.co.uk

Look at Pistonheads, Autotrader, people are getting rid of their Full-fats, Sports, Defenders, and Evoques as fast as they can.

Not just the bursting of the 12/40 year UK housing bubble, but even the thickest realises when people are struggling to pay for food and heat the last thing you want outside your ex-council house, interwar, '£500k' hovel, is a toy that breaks when you look at it, costs £150 to fill up, drinks for England, and is losing as much per week as the £500k hovel.

You don't come back from the summer shutdown, in August, and tell the happy camper workers that you've just realised there's no parts - even these brainboxes will realise it's just the modern version of paid agent Derek "Red Robbo" Robinson and his coordinated wildcat strikes with BL management, when there was a build up of unsold cars and real demand plunging.

Same trick. Blame Brexit, Covid or some other spurious nonsense, 'outside forces', for the collapse of your business years earlier - pre-Brexit.

JLR is done. Bollore knows his only chance to get it IPO'd - his sole actual task - is to jettison the crap of non-Range Rover, and turn it, 'JLR', into Bentley-on-Solihull('Made in Warwickshire, Ye Olde England') - not some 'vibrant', drug-dealing shithole in greater Birmingham.

Blame these 'outside forces', and announce you have to, 'very regrettably', move away from the earlier strategy of participation in mass markets - i.e. - Halewood closed, Castle Brom too of course, and thanks very much to Slovakia - German EU taxpayers - for that huge bung, but we'll no longer be needing that massive shed in Nitra.

'JLR' will be one factory, one car - Range Rover/Sport/Duffender - 57 Varieties of the same, 'Uber Premium', £150k+ thing, requiring max 5,000 direct workers.

 

[BMW4ever]

'And who are you? You "run the country". Really? Security, escort this care-in-the-community old biddy to the nearest care home':

 

[BMW4ever]

Even some of the Daily Rag readers see through this threadbare garbage from JLR/the state/Media - "Chip/Parts shortage" :

Fooling no one, Berkshire, United Kingdom, 1 hour ago

Falling sales is a problem, not admitting it makes it a bigger problem.

And some see JLRs real problem, crap reliability, ever higher pricing, the goal seemingly to corner the market in chavtastic tat, which has caused this 'parts shortage' - demand shortage:

Mug Punter, Tiger Bay, United Kingdom, 5 hours ago

phew that's saved a few repair bills for the future

Teesside Man, Teesside, United Kingdom, 7 minutes ago

People are waking up to the fact that the new generation of these cars are not to great with leaky engines made in India and cheaper parts - I have been advised to forget about buying one next time round - shame cos they do look nice but who wants to pay 50K for a piece of junk.

 

[BMW4ever]

What is the core, bedrock, cornerstone of the 'UK'/'UK economy'? Easy, I know - The City(of London).

Nope, wrong. Anyone, today, can do what The City does - crookery, spivvery etc - whether Luxembourg, Dublin, Switzerland of course, Dubai, Singapore, etc, etc - so called "Financial Services" - to the 0.1/0.01% - money laundering and tax evasion.

No. What the core of the UK economy, Merry Olde England, was, is insurance - shipping/cargo/trade insurance - Lloyds of London etc.

That's the bedrock, the mainspring, font of wealth, that was England in the coffee houses, come formal exchanges, mercantile houses, of 1600s England - before the moneychangers formally set up shop in Lombard Street - 'The Bank of England'.

And guess what - it's gone, poof, just like that, due to the puppet clowns like Johnson, pushing 'non-aligned' India into Russia's orbit - 26:15-28:15:

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India/Delhi is turning the tables on UK/England. Revenge is a dish best served cold - after 75 years.

Rich, dual-/tri-national - usually British/US/Canadian passport holders - like Rishi Sunak, know that UK is finished. Rich Indians much prefer to emigrate, or get their money out to, either the US, or Canada - Toronto, 'Little India' - not so little.

They know from first-hand observation that 'UK' is finished, a match away from a huge conflagration, gangs in (open) charge, especially in London, and the police corrupt, lazy and incompetent, so will not save them - the uber rich fleeing it. brain-draining too - to the UAE/Gulf, or Singapore, or green card to the US, or Canada - leaving over ten million, now, very poor, many inbred - cousin (arranged) marriages - lower caste, or religious zealots from the Punjab or Pakistan proper, or Bangladesh, who are reproducing at a vast rate, needing extremely high medical intervention, due to the inbreeding defects, lack of Vitamin D from covering up, and the general lack of sun in UK, and are going to seal UK's fate, that of a 3rd world hellhole, like much of the Sub-continent, or Afghanistan, Irag, Albania, etc.

India/rich Indians, have pulled the plug on UK - 'the mother country'. Insurance was the last straw.

 

[BMW4ever]

Now this is just cruel - kicking a cripple - UK/London/The City - when he's down:

ZeroHedge

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero

www.zerohedge.com

- the money laundering and tax evasion, sorry, 'financial services', can now be done anywhere, the fee fleecing of insurance is being cornered by Indians(and probably Iranians, and Greeks), and now the uber parasiting activity of the control, and criminal suppression of precious metals pricing - to save the counterfeit, printed to the trillions, £ and $ - is being prised from the sticky hands of the denizens of The City, by Putin, Xi and co.

You have to laugh. The mighty '1,000 years of History' England/UK. being taken down, dismantled, almost brick by brick, in the matter of just weeks.

Maybe it's planned, all part of The Plan/Great Reset. But I think Eurasia - Putin - is enjoying this. No one likes scum,, especially bullying, braying, insufferable toff scum - the English public school system, that's bred psychopaths like Blair(Fettes the Eton of the North) and 'Boris', or just useless, chinless wonders, that think the whole world should bow down to them, because they're English, posh, and went to the right school.

Putin hated that he personally and Mother Russia were humiliated by these vermin, these scum, carpetbaggers, post the fall of the Soviet Union, and now, like the true 'man of steel' - 'Stalin' - he is, he's systematically having these people taken apart, limb from limb - metaphorically of course - until 'Great Britain' is no greater than Great Skid Row', or far worse than what happened to him and Russia in the 1990s.

'UK' in the space of a few months has returned to its 'resting state', pre around 1500, and Henry VIII looting the monasteries for cash - piss poor, without a pot to piss in, backwater, filled with dumb, drunken yokels. But now also filled with millions, tens of millions of 'vibrant' dumb, and often drug-peddling, many machete-wielding, yokels.

 

[BMW4ever]

Got it yet?:

2 hours ago
remove
link
It’s happening now. China sells gas to west Europe at high markup. China buys gas at huge discount from Russia with gold. China buys gold from LBMA/COMEX with dollars and treasuries. The gold price arbitrage is sucking gold out of the west and into the coffers of Russia and simultaneously enriching China. The west is being financially gutted.

- correct.

'The West' is London. NYC, DC, Paris, Frankfurt, Berlin, and Rome can exist as cities, somewhat, without Wall St, the other Borses. London IS the parasite of The City.

London is being gutted, taken down. London IS the UK.

'UK', the fiction, of a country, is over, finished.

Once the plebs realise, all 80 million or so of them, it won't be Colombo, Sri Lanka, or Prague, or Buenos Aires, it will be Mad Max/Escape from New York, as I've said.

As the slaphead Liam Byrne MP said in 2010, 'There's no money left', this time there isn't. When the average braindead pleb realises this, it's the law of the jungle. Plod and their Pride nonsense will be swept aside - they'll run away anyway.

Liz Truss is like electing a school monitor to be the coordinator of the Defence of Vienna/Christian Europe in 1683. When you need a Sobieski, the Brits, insane as they are, turn to a hectoring, nanny-like harpy.

 

[BMW4ever]

Truss has found the magic money tree - £100bn to be printed and spaffed up the wall - UK needs £100bn A WEEK, to keep 80,000,000 useless eaters in imported grub, imported energy, made up 'work', at £25k/yr median plus benefits, and enough hospitals and schools to keep their 4, 5, 6... sprogs per 'refugee', 'industrious 2nd/3rd gen. immigrant', which means:

- £ limit down.

GBP/USD

5th September 2022 The lower limit of the pre-existing range for this (special relationship) pair is about to be tested as the USD is driven ever stronger by rate increase expectations and even wor…

el834862649.wordpress.com

Take away those regime face-saving 'limits', and there's no floor to the £. UK is in Argentina territory, but the Media plies Brits with tales of their "businesses" - mindless-consumerism shops - being in "existential threat" - it's a f#cking shop, selling tap water, heated, flavoured with caramel muck, and sold at £5 a paper cup, to morons, whose BMI is 35+.

The Russians who lived through Leningrad and Stalingrad, the worst of Communism, and what The City carpetbaggers did to them in the 1990s, must laugh at these modern Brits, who melt down at the thought of not having a silly sickly drink every 5 minutes , or not being able to go to the 'Great British Pub', which sold gassy water for £5/6 a pint, and frozen, microwaved muck, sold as 'gastro pub', at £20 a plate.

f#cking child morons. They'll off themselves before Vlad and his gas do their worst in the winter proper, their mental crutches gone, unable to deal with reality as an adult.

 

[BMW4ever]

Lord Heseltine's Haymarket screaming for a taxpayer bailout?:

No pressure, Liz Truss: time to save the British car industry | Autocar

Unknowns ahead of 2030 transition to zero-emissions vehicles put the UK's car industry at peril

www.autocar.co.uk

- 'British car industry' means JLR - who pays Haymarket for PR - its Autocar title's ex-editor now the PR boss at JLR.

Heseltine is saying that JLR has gone tits up, and he needs taxpayer cash quickly, like today. Bailout JLR, whose sales have totally crashed:

'The incoming prime minister will have only one real pressing issue when she takes office next week: the cost of living crisis. The automotive industry[our income, JLR] is undoubtedly affected, with leads down'

- this gimp, Tisshaw, is talking lazily, stupidly, in car salesman jargon - 'leads'. He's saying, admitting, contrary to the lies his own rag and the whole Media peddle, that car buying in UK has crashed, and burned, over the summer - since start of this year actually - pre the Putin thing.

Far from 'Chips/part shortages', as I've said over and over, the shortage is a once inexhaustible supply of fools with lots of money in UK - housing bubble - parting with that money, to buy/lease/rent chavtastic tat - JLRs - or all new cars, bar a few 'posh' - very high price - EVs - funded by the taxpayer - bought 'through the company'.

Tisshaw is telling the truth. The UK car industry is in blind panic. JLR the cherry on top of this (let them eat)cake.

Genuine new car sales are in meltdown. Forget that Ukie nuke power plant, there's a much bigger, costing far more lives, one here, unreported by the rags, BBC, Media generally - '72' car sales are a smouldering crater. Maybe Putin nuked/hpersoniced them.

Lord Heseltine, his son Rupert, Tisshaw, Chas Hallett, JLR's PR boss - ex-Haymarket -Uncle Tom Cobley and all, all know UK car sales are a disaster, epically, unprecedentedly, far worse than even the crash of 2008-9, or the moribund 1970s after the oil price shock.

There is no UK new car market, other than a relatively few high-end EVs, which cost the UK Exchequer money, and are ALL made abroad, and the profits go abroad - the literal handful of I-Paces are nearly all self-registered, fake sales, and of course made in Austria, by a Canadian company. The Leaf, no one (sane) buys.

Truss to the rescue, right? Jesus wept.

Tisshaw needs to spit it out, level with his few remaining readers - talk to them personally, individually, in under 10 minutes -

'evidence already that long-delayed purchases are being pushed back further by buyers, ironically at a time when the light at the end of the tunnel of production shortages shines brighter than it has done for a long time.

- does the clown realise he's just shot down JLR's Big Lie, re. the latest excuse for stopping production? Probably not. He's an English 'journo', therefore 99.9% bound to be public school and thick - but went to the right school, and mummy and daddy had connections, with Rupert the Lord, or whatever.

tldr/Exec summary:

they are all BRICKING IT. End of the gravytrain of non-jobs paying at least £100k/yr, for certifiable idiots, for repeating transparent to a child lies. Might have to work. Too old for rentboy. No other skills. The Horror!

 

[BMW4ever]

So Truss's 'job', instruction, is to smash up the £, to tiny pieces. She'll make it the Weimar Mark or the Zimbabwean dollar.

This is to allow digital money for the serfs, what's left of them. The rich will have gold, diamonds, silver, houses.

The Brits will hail her and her audacious bailout plan - create money out of nothing, and give it to Shell, BP etc.

That'll last 3 months max, when Shell, BP etc, start demanding hard currency, or actual assets for payment - gold from the BoE, Belgravia property.

None of this is an accident. UK's use is at an end. The £ will, is, being taken down, which will impoverish the 99%, and get them to beg for being saved - UBI/digital money handouts from the state - subsistence, barely, and only if you're a good, dumb, little serf.

Europeans will not go so quietly into the night:

Italy's Salvini Breaks Ranks: 'End Energy Sanctions Against Russia Because We Are On Our Knees' | ZeroHedge

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero

www.zerohedge.com

Italians are the east Europeans of western Europe - strong-willed, defiant, still quite manly.

They know the score. They know the Ukraine thing is a pretext for massively hiking prices, to destroy the middle class - independent (of the state) people.

They know real demand for everything is through the floor, and prices should be in a depression slump. They know it's all artificial, orchestrated. They are the kulaks of 2022 Europe - refusing to bend the knee to the 2022 Bolsheviks, ready to steal all their property, and starve, freeze them to death.

The Brits will follow matron Truss into the slaughterhouse, because that's what good-citizen British people do.

 

[Matski]

'Atta boy, Spaffer. He's going nowhere. He'll drag them all down - the 'Elite', the Establishment

He knows the timetable, for WWIII, is 'NATO' to attack Russia late summer/early autumn. Once that starts, he's going nowhere - plus, likely a declared state of emergency over gas supplies and electricity generation, so 'wartime leader', and 'emergency leader'.

They either literally pull him out now - and we know what Spaffer calls and thinks of at least half the Tory party, and probably most of the Media/Westminster bubble - 'tank top wearers' - so knows they haven't got the balls to do the required - direct, possibly physical confrontation - Spaffer's probably got a good right hook, like his pater - smashing Spaffer's mater's nose - or he's there for good.

This aged well.

Do you ever pause during your rants and ask yourself "Am I just talking complete bollocks?"... I mean, if I was using Zerohedge, Tucker Carlson, and Daily Mail readers comments as sources, I'd be asking myself that question after pretty much every full stop.

 

[BMW4ever]

This aged well.

Do you ever pause during your rants and ask yourself "Am I just talking complete bollocks?"... I mean, if I was using Zerohedge, Tucker Carlson, and Daily Mail readers comments as sources, I'd be asking myself that question after pretty much every full stop.

as well as Spaffer or '40-something' ancient harridan Truss.

You are missing the point. Spaffer himself said 'I'll be back' - being coke-addled, that's what he meant, his Arnie impersonation, not hasta la vista. The Clown thinks he will be back. Who cares. Who knows. They're puppets, with zero power.

People like you are, I forget the exact quote and name, begins with an A, can't remember the damn thing, 'more concerned about the condition of the road than what direction it is or they are going'.

You're a minutiae man. You think detail, chapter and verse, everything sourced, is what matters, when your house is on fire.

I'm sure you're a decent enough cove, but you'd never budge from your world view. You fundamentally think the system is okay, save perhaps changing the captain on the bridge, or a bit of tinkering with the engine.

You are not ready, and never will be, to be red pilled. You've too much to lose, your whole life built on set, rock solid assumptions, givens.

 

[BMW4ever]

As I said, predicted, Truss has one instruction - control demolition the £, so bringing in digital money, UBI and so on, for the serfs, who will be cut off if they step out of line:

Incoming PM Truss Drafts Colossal £130 Billion Plan To Freeze UK Power Bills | ZeroHedge

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero

www.zerohedge.com

 

[BMW4ever]

someone's lying:

"Winter Is Coming": Taiwan Export Slowdown Implies Darkening Clouds For Global Economy | ZeroHedge

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero

www.zerohedge.com

Jaguar Land Rover production hit by semiconductor shortage

There has been speculation that production of a number of models is being suspended this month

www.coventrytelegraph.net

 

[BMW4ever]

yep, Chucky doll has one instruction - trash the £ - Weimar Mark, Zimbabwean dollar:

'So to summarize - while The Bank of England is tightening monetary policy at an almost unprecedented rates, the government is firehosing cash directly to specific industries. There's no 'free lunch' here - the inflation may be tamped down for the end-user but the government will be forced to print/borrow more and more money to maintain the 'price guarantee'? Of course, we are not biologists or economics PhDs, but this sounds like an ugly path to hyperinflation.'

ZeroHedge

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero

www.zerohedge.com

'Liz':

Chucky doll

 

[BMW4ever]

There goes the Dublin housing bubble, 'Celtic Tiger II':

ZeroHedge

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero

www.zerohedge.com

My heart bleeds for my ethnic countrymen, who thought they were living in Hollywood or Monte Carlo, not a damp, cold island, where the only things warm - were - the porter, cows udders, and Irish hearts. None applies now. Irish hearts as fossilised by the pursuit of the shekel as any banker's in the City of London. Live by the shekel, die by the shekel. Ireland's wrecked. No coming back this time - 1m+ 'refugees;' breeding like the proverbial, and a bust housing/'prosperity' bubble - and bust Krauts unable this time to bail them out again, like 2010.

Back to cutting turf, boys - but the Greenies(Commies) have banned harming the precious, 'carbon store' peat bogs - so freeze and starve it is - just like the rare ould times, under The Crown, 2/300 years ago.

 

[BMW4ever]

best comment:

She was taken ill after opening her latest electricity bill.

She's had a stroke, maybe heart attack - pretty obvious. If the plebs cotton on to a fully jabbed Queen, hale and hearty into her mid 90s, sprightly up until last year certainly, they might put 2 and 2 together.

I doubt Phil the Greek and Brenda got the elite's saline or non-jabs. They were dispensable - becoming an embarrassment. Charles will be all tearful, but desperate to have a go before he's fully decrepit. Give him 18-24 months, booster jab him a couple of times, and put the Woke clown William on the throne - to suit multi-culti Modern UK.

 

[BMW4ever]

Go take a look at Liz Windsor's hands - right hand - when she met Truss on Tuesday. Basically dead - no blood flow on digits, and necrosis or whatever in her upper back hand - horrible.

I don't care about the super rich, but she failed massively in the last year, 18 months max. Hmm. What could it have been? Famously healthy, robust, love of life, mother made 100, and then, wham, a walking - barely - corpse - like she'd had the life sucked out of her - blood.

I feel sorry for anyone who that is done to. RIP. Phil lasted a bare few weeks after the Rollout.

Life goes on - unless you're fully jabbed.

Life for blood-sucking insanely greedy morons - most of the UK population of the last 40 years - is not so good:

Land Rover Range Rover cars for sale - PistonHeads UK

Looking for a Land Rover Range Rover? Find your ideal Land Rover Range Rover from top dealers and private sellers in your area with PistonHeads Classifieds.

www.pistonheads.com

I'm sure Merc1 and Scott27 will say 'worth every penny, and more!'. Except:

Arnold Clark
WJ72BUF
LAND ROVER RANGE ROVER DIESEL ESTATE
Your offer
£70,949*

- ouch.

WBAC
Your valuation
£96,070

All those JLRs flying through Balmoral gates on 24/7 TV may help to shore values up, but.... . You don't shore up or reverse a landslide - the plebs are bust, even, especially, the RR-buying demographic - BTL landlords - who if they have any cash, and an accountant, are piling into high-end EVs - Taycans, etc.

 

[BMW4ever]

Cars are just 99% (very) expensive white goods, so 'chip/parts shortage', 'supply chain problem' etc, are trotted out to cover a total collapse of buying, demand, among the peons, which of course should mean plunging prices, to try to compensate, instead of the current insane situation, where idiots are told that demand is sky high, prices therefore too, made even worse by unprecedented parts shortage and supply chain disturbance. One of the greatest mind f#cks in history:

https://www.zerohedge.com/markets/a...rgest-appliance-company-reports-demand-plunge

 

[BMW4ever]

Anyone who couldn't see this Rugpull was a clown - there is obviously no inflation, real inflation, as demand has gone, so 'twas obvious they would manufacture it, to justify their huge interest rate hikes, to control demolition the false, 40 year 'economy' - fake money, bubble in everything, psycho greed insanity fest, without getting fingered for it, and lynched - 'Putin caused the hike in the price of everything, so he is your hate figure, not us':

ZeroHedge

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero

www.zerohedge.com

Next week, 75 bps, maybe 100, from BoE - the slaughter of the muppets - millions of mortgagee funerals after The Funeral.

 

[BMW4ever]

A foretaste of what's coming in £1,000,000 for a hovel La la-land UK. just next week, with standard mortgage rates going to 7% , or more:

'32 minutes ago

This feels different…. I don’t think anybody has a clue what is coming good or bad. Everything is in flux and it feels like we smashed through the guardrails. There is a house that listed 10 days ago on my street that Zillow says is worth over $600k and it was listed at $535k with NO lookers. It would not surprise me if that house sells in the low $400s. If that happens 80% of my *** code will be under water and yet construction continues on new homes by the thousands (yes thousands). There are 3Xs as many houses for sale now than there were a year ago in my *** and few buyers. It is like nothing I have ever seen. This feels bloodier and more acute than 2008. '

- no shit Sherlock. 'feels different', as in The Rugpull, aka The Great Reset - 'you will own nothing and be happy'.