Honda Hit Hard By Global Economic Downturn
by Shaun Parker
That pesky recession! Who does it think it is, coming over here, taking our jobs, hitting everyone in the pocket, grabbing all the headlines, making the lives of us Brits a misery? The best way for Britain to cope with the dire straits that is the recession, is to put on a brave face. Britain may not be the best in the world at many things these days, but one thing we are good at is having a laugh in the face of adversity.The latest news that one of the world’s largest car manufacturers, Honda, are to stop production at their British factory in Swindon for the next four months, affecting 75 per cent of Honda’s 4,000 strong British factory workforce.
Honda’s global third quarter net profit has dropped by a staggering 89 per cent, and even though Business Secretary Lord Mandelson announced a government support package for the UK car industry which could be up to 2.3 billion pounds, the Japanese car giant has had to go ahead with the longest factory shutdown in recent history.
Many car manufacturers have had to make cut-backs in production simply because demand for brand new cars during these difficult financial times is way below levels of supply - Honda dealers have not experienced such a slowdown in turnover that something just had to give and it makes perfect business sense to cut production, sit back and reflect on how the next quarter pans out.
Despite Honda stating that they jobs are safe, it is common knowledge that over a quarter of factory staff have taken up voluntary redundancy, perhaps as they see no end to the gloom and doom in the near future.
Fears that the halt in production in Swindon may continue past the next four months have been dispelled, or at least there lies some hope, as Honda are going ahead with part orders - a measure that they surely would not take if they felt that production would continue to stop for an even longer time period.
Honda usually produce 240,000 cars from their Swindon factory, but that figure will halve over the course of the next year and elsewhere, global production will be slashed by 56,000 units. Honda is yet to announce whether employees from their other business sectors and departments in the U, such as Honda dealers and administration staff will be affected during the next year, which finance experts are saying will continue in recession, possibly through to 2010.
Honda dealers have obviously experienced a slowdown in business, both in the sale of brand new vehicles - the bread and butter, where the highest margins are made - and also used cars from Honda dealers.
Figures are set to continue to decrease for the duration of 2009 as Honda economists have forecast a net profit for the year to March 2009 to be less than half of its earlier forecast of 185 billion yen. The company’s net profit for the quarter ending December 2008 was 180 billion yen below the mark reached during the same quarter the previous year - a staggering example of just how badly affected the car industry has been since the global economy took a nosedive.
The Swindon factory workforce will obviously be concerned, but will no doubt be putting on a brave face, in true British fashion. Let’s hope, like the global economy, their fortunes can change over the next year.
Thursday, October 15, 2009
Friday, October 9, 2009
Keen Demand for DIY Hydrogen Kits for Cars : hydrogen cars review 2010
Keen Demand for DIY Hydrogen Kits for Cars
by James Larkin
There’s a global boom going on in the motor vehicle field as increasing numbers of motorists convert their vehicles with hydrogen car kits.The system is often referred to as “running your car on water”.
It uses water to produce HHO (also known as Hydroxy or Brown Gas). It provides greatly increased fuel consumption, more power and improved performance. The end product is water so there is clear emission.
The kit works on gas or diesel powered cars, vans, trucks and SUVs. The conversion is safe, fast and easy to do. All that is needed is a conversion manual. The parts for the kit can be easily purchased for less than $100 at local hardware and auto stories.
The HHO system is easily reversible and does not void auto manufacturers’ warranties.
With new car sales currently at a low it is likely even more current vehicle owners will take advantage of the savings offered by the hydrogen conversion kit.
The new hydrogen powered cars produced by auto manufacturers are expensive. Critics says they are possibly dangerous because they store hydrogen in high pressure tanks. There is also the problem of getting hydrogen supplies at service stations and the possible polluting effects of manufacturing hydrogen.
The hydrogen car kits however provide hydrogen as the car needs it, rather than in storage tanks. The combustible gas is safe because it is extracted as needed and burned steadily from the water, unlike larger volumes of pure hydrogen which are highly flammable.
I’ve seen some service station operators offering to do the conversion for $1000 which I think is a bit steep when you consider you can do it yourself for less than $100, plus the cost of the instruction manual.
The instructions manuals can cost hundreds of dollars but I’ve been shopping around.
The very best deal I’ve seen for a Hydrogen Car Kit instruction manual is a special sales price of only $67 which has got be the cheapest on the Net.
Believe it or not it comes in 24 languages, with a money back guarantee and various very useful extras. The company even provides tax forms for you to claim government rebate for running a green car.
But it’s not just the cool instruction manual price. Also their system is more powerful than most and they provide good long term back-up support.
I believe this whole current conversion scene is all part of global automotive history. It’s ironic that while giant car companies are almost collapsing because they have done little to keep pace with the times, ordinary people using a few dollars and some initiative are leaving them standing. So if you want to save like 50 per cent on fuel costs, boost your vehicle performance, reduce vehicle emissions and help prevent global warming get a kit.
There is also another possibility. You could start a full or part-time business doing hydrogen car kit conversions yourself. I think the company concerned would probably be supportive of that.
Something to think about in these hard economic times. You would save heaps on your own fuel costs and make money installing the kits for other people.
Full details at http://is.gd/ghS7
by James Larkin
There’s a global boom going on in the motor vehicle field as increasing numbers of motorists convert their vehicles with hydrogen car kits.The system is often referred to as “running your car on water”.
It uses water to produce HHO (also known as Hydroxy or Brown Gas). It provides greatly increased fuel consumption, more power and improved performance. The end product is water so there is clear emission.
The kit works on gas or diesel powered cars, vans, trucks and SUVs. The conversion is safe, fast and easy to do. All that is needed is a conversion manual. The parts for the kit can be easily purchased for less than $100 at local hardware and auto stories.
The HHO system is easily reversible and does not void auto manufacturers’ warranties.
With new car sales currently at a low it is likely even more current vehicle owners will take advantage of the savings offered by the hydrogen conversion kit.
The new hydrogen powered cars produced by auto manufacturers are expensive. Critics says they are possibly dangerous because they store hydrogen in high pressure tanks. There is also the problem of getting hydrogen supplies at service stations and the possible polluting effects of manufacturing hydrogen.
The hydrogen car kits however provide hydrogen as the car needs it, rather than in storage tanks. The combustible gas is safe because it is extracted as needed and burned steadily from the water, unlike larger volumes of pure hydrogen which are highly flammable.
I’ve seen some service station operators offering to do the conversion for $1000 which I think is a bit steep when you consider you can do it yourself for less than $100, plus the cost of the instruction manual.
The instructions manuals can cost hundreds of dollars but I’ve been shopping around.
The very best deal I’ve seen for a Hydrogen Car Kit instruction manual is a special sales price of only $67 which has got be the cheapest on the Net.
Believe it or not it comes in 24 languages, with a money back guarantee and various very useful extras. The company even provides tax forms for you to claim government rebate for running a green car.
But it’s not just the cool instruction manual price. Also their system is more powerful than most and they provide good long term back-up support.
I believe this whole current conversion scene is all part of global automotive history. It’s ironic that while giant car companies are almost collapsing because they have done little to keep pace with the times, ordinary people using a few dollars and some initiative are leaving them standing. So if you want to save like 50 per cent on fuel costs, boost your vehicle performance, reduce vehicle emissions and help prevent global warming get a kit.
There is also another possibility. You could start a full or part-time business doing hydrogen car kit conversions yourself. I think the company concerned would probably be supportive of that.
Something to think about in these hard economic times. You would save heaps on your own fuel costs and make money installing the kits for other people.
Full details at http://is.gd/ghS7
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