waki waki as you said. dont try to argue about stuff you dont understand, please.
HA HA Another spotty 20 year old student trying to pretend he knows everything about everything.
An automotive degree is a good degree, that is not indispute.
However since oil production in the next 5 years is going to slow down because of the lack of oil and will be in steady decline over the coming years this is going to affect the industry unless it adapts there is anbundance of literature on this google it and see. This coupled with very very bad business descions and over prodiction is not helping.
Now let me educate you on economics alexyfoot:
We are currently in a recession which is defined as 3 consecutive periods of economic decline, this was not caused by the banks in which labour politicians will have you beleive. It was caused by borrowing both public and private sector which ment borrowed money represented too much of GDP (gross domestic product). This excess borrowing produced a lack of confidence in the markets then came along the credit crunch which was caused by the sub prime market which again is related to the borrowing. This time it was banks borrowing too much over and above their depositis off setting their balance sheets. This came to a head when the subprime market started defaulting on mass causing massive losses which could not be sustained becasue the banks balance sheets representing to much debt. The creditors started calling in the debt, and the banks stopped lending to each other or they would only lend to each other at inflated prices.
The credit crunch then casued the alot of foreign comapnies to retract lending in the UK.
I could be more detailed but you get the jist of things from the above this slow down in the supply of money stopped lending to buy cars. Many companies prepared for this the car industry did not.
For someone who doesnt understand things I seem to have a good grasp of the above, and if you knew what you was talking about you would know that the government is currently using a tactic called quantitive easing were by they print money to increase the flow.
This printing of money was done by Japan in the 90's argintina in the 70's and russia also in the 90's this lead in all the cases to collapse in the economy and prelonged recession in japans case took 10 years to recover from. and argentina still hasnt fully recovered becasue their economy is not versitle enough.
The UK economy is now disproportionatly focused on the banking and insurance industry represneting our largest export and since this has crashed we simply have little if anything else. Manufacturing and farming has been systematically erroded due to the strength of the pound and successive governments prefrerring the banking and services sectors and taxing policies.