Honda Cars PH to cease local manufacturing operations effective March 2020

[thearsenal1205]

ang magagawa lang ng gobyerno para ituloy ng plantang yan sa pag manufacture -- bilhin ng gobyerno lahat ng production

lahat ng service vehicle ng gobyerno Honda city and brv hehe

Bilin na lang ng PNP at gawing patrol cars ang Honda City at BRV.

[uls]

^^

yun na nga

pati pang service ng govt official

lahat ng gov't agency

-

short of that hindi mapipigil ng gobyerno ang pag sara ng planta

tax incentive?

kahit anong incentive pa yan it's too late

tapos years later i-bring up ng ibang admin dehado daw ang gobyerno

tatanggalin ng gobyerno ang mga incentive

haha

huwag na

nevermind

[shadow]

Tama yan huwag na, dapat mag alisan na lahat ng manufacturing dito.


Sent from my iPhone using Tapatalk

[yapoy86]

ang magagawa lang ng gobyerno para ituloy ng plantang yan sa pag manufacture -- bilhin ng gobyerno lahat ng production

lahat ng service vehicle ng gobyerno Honda city and brv hehe

Honda lang ba may local plant? Pwede naman export eh.. kaso walang kita dyan.. sa import meron

Mukhang nabulaga lang mga economic managers.. matagal na nag aalisan mga big companies pero walang response sa government.. intel, goodyear, colgate, .. pinalit nila mga BPO na may umaalis na din at ang uso ngayon na POGO

[uls]

^^

yun nga tanong ko na walang sumagot

kung ang output ng Honda plant na yan for domestic market lang ba o meron excess production for export

pero malamang for domestic lang kasi konte lang output ng planta

the plant could definitely make more cars (malamang it's operating well below capacity) but what are they gonna do with the excess production?

di naman nila ine-export or ma-export

maybe coz the cost is so high pag dating sa ibang bansa sobra taas na ang magiging showroom price

[uls]

ang thailand sobra ang production for domestic market

mura cost kaya kahit i-export pag dating sa showroom ng ibang bansa mura parin

yan ang di kaya ng pinas

taas ng operating cost dito

[xxxlam]

Let's also see the macroeconomic level. I personally think that we are now experiencing a global recession, similar to what we have experienced in 2008 market crash (housing bubble, whatever you call it). Actually high school student palang ako noong 2008 so hindi ko masyado ramdam ang recession. So what does this mean? The economy will slow down. As a result, more people tend to spend less during this period. Many companies layoff manpower in some countries; Citigroup, HSBC, Deutsche Bank, Ford, Oracle, GM.

Just an analogy, are you going to cook two tons of banana-queue if you forecast there are only ten buyers? From the business perspective, no one will care if you have the best banana-queue in town if people are trying to spend less and save money.

What is the government doing to counter the effects of recession? They cut rates to simulate the economy. Quantitative easing. Have you hear the news the the Federal Reserve (U.S) injects money into the system? Here in the Philippines, the Banko Sentral cat rates again just early this year.

So, yeah... economic slow down. Government trying to simulate the economy. It happens. It's normal. Good luck to all of us.

[Vodka]

what if honda didn't spend the $$$ to retool the factory for brv production. it was easy to see back then that the brv would NEVER be a volume seller...

[ice15]

what if honda didn't spend the $$$ to retool the factory for brv production. it was easy to see back then that the brv would NEVER be a volume seller...

BR-V is Honda Ph's 2019 #2 best seller...

If a factory that produces #1 and #2 local top sellers can't even run at 80% capacity, then it would be cheaper to just close that factory.

[uls]

Let's also see the macroeconomic level. I personally think that we are now experiencing a global recession, similar to what we have experienced in 2008 market crash (housing bubble, whatever you call it). Actually high school student palang ako noong 2008 so hindi ko masyado ramdam ang recession. So what does this mean? The economy will slow down. As a result, more people tend to spend less during this period. Many companies layoff manpower in some countries; Citigroup, HSBC, Deutsche Bank, Ford, Oracle, GM.

Just an analogy, are you going to cook two tons of banana-queue if you forecast there are only ten buyers? From the business perspective, no one will care if you have the best banana-queue in town if people are trying to spend less and save money.

What is the government doing to counter the effects of recession? They cut rates to simulate the economy. Quantitative easing. Have you hear the news the the Federal Reserve (U.S) injects money into the system? Here in the Philippines, the Banko Sentral cat rates again just early this year.

So, yeah... economic slow down. Government trying to simulate the economy. It happens. It's normal. Good luck to all of us.

Yes global demand is weak

just look at global auto sales data

even before the US-China trade war meron na signs of global economic slowdown

the trade war made it worse

the Fed had to reverse course (from tightening to easing) they ended QT and cut rates and even acted as the pawnshop of last resort (repo -- "not QE")

--

there's no central bank in the world on tightening mode... everybody's easing

--

And all that before this coronavirus outbreak

now imagine what happens to the global economy during the outbreak

China is shut down

other countries could follow

global trade slows down bigtime

Travel (tourism)... everything... all economic activity slows down