Aces High Bulletin Board
General Forums => The O' Club => Topic started by: SIG220 on March 09, 2008, 07:51:12 AM
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Auto Industry Analysts are hailing a new car from India as breaking new ground, and that it will revolutionize the industry.
The car is called the Nano, and it is made by Tata Motors in New Delhi, India.
The Nano is now the most affordable car for sale in the entire world, only costing $2,500 US Dollars. Yet, it offers many of the benefits that car lovers have come to expect.
Tata's CEO projects that his company's auto exports will reach $25 Billion in US Dollars by 2015, and that both Europe and the USA will become key markets, as well as third world counties.
Are you ready to drive a Nano? Here is a photo of the car:
(http://in.reuters.com/resources/r/?m=02&d=20080117&t=2&i=2804166&w=&r=img-2008-01-17T123920Z_01_NOOTR_RTRMDNC_0_India-313582-4)
And here is a photo of the CEO driving the car:
(http://www.citizen.co.za/index/AFPData/english/shared/top/SGE.RLL74.100108173826.photo01.photo.default-512x367.jpg)
And one of him standing beside it:
(http://www.product-reviews.net/wp-content/userimages/2008/01/tata-nano-car-auto.jpg)
Here is a link to a complete story about this fantastic new car:
http://in.reuters.com/article/specialEvents/idINIndia-31358220080117
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Are you ready to drive a Nano?
No. I gave up skateboarding at a young age.
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Meh...if it runs on petrol it'll be sitting on the side of the road with everything else in 10 years...how revolutionary
Tronsky
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unless the thing gets 100MPH and has extremly good impact testing I don't see what the big deal is except for the price.
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I saw about 15 Shriner clowns come out of that when I was a kid.
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At $2500 the NANO will mean that even the poorest of people can buy a new car in west and medium class in developing countries. It might mean a huge step upwards in the quality of living for millions of people. And with that, increase in oil consumption and pollution naturally.
Millions more will be able to afford a car now, millions more will want it and India will get a boost to its economy. I don't think NANO will ever be popular in the west where we have similarly priced driveable preowned cars abundantly available.
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and Detroit laughed when the first Japanese compacts were imported into the
USA.
not so funny now.
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sig.. that would make a great second car for folks like yourself who hate cars.
lazs
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I don't like small tatas :D
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Meh...if it runs on petrol it'll be sitting on the side of the road with everything else in 10 years...how revolutionary
New cars are built to last 10 years? I had no idea.
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It will never make US equipment standards as it is now and certainly won't be affordable if modified to fit them.
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Not in the Netherlands.... was /is being rejected as one of the most Unsafe cars ever produced,
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New cars are built to last 10 years? I had no idea.
my Honda accord is 17 years old, i think I'll buy it a new paint job for it's birthday.
i bought it new.
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Meh...if it runs on petrol it'll be sitting on the side of the road with everything else in 10 years...how revolutionary
New cars are built to last 10 years? I had no idea.
Seems like you misunderstood his post pretty spectacularly, he seems to be suggesting that gasoline availability will be limited in 10 years, not that the car will break down. Reading comprehension is tricky, but stick with it, you'll get it! ;)
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I can see alot of young female drivers getting one of them here.
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I bet it'd be popular w/ car modders. Buy it, replace the engine with one out of a Hayabusa or something.... vroom-vroom-vroom!
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When you look at what most people in the world earn, the pricing of this car is phenomenal. Imagine what life would be like if cars in the US cost 5 to 10 times what they do now. Would you be able to afford one?
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Seems like you misunderstood his post pretty spectacularly, he seems to be suggesting that gasoline availability will be limited in 10 years, not that the car will break down. Reading comprehension is tricky, but stick with it, you'll get it! ;)
Actually, I understood what he is saying quite clearly. No need to explain. I seriously doubt the car being pictured would last 10 years. I seriously doubt most models would have more than 50% of their ranks on the road in 10 years. Basically, the odds of the world running out of fuel before this car dies are near astronomical.
And john... I have 2 37 year old vehicles, a 42 year old vehicle and a 20 year old vehicle. Nothing newer. Let me know how that honda is doing in 20 years. Then remember that the cars being sold today are more complex, more expensive to repair, contain more computers, contain more plastic in more critical areas and are generally worth less than maintenance costs after 5 years, much less 10. Even the premier stuff. Want a good price on a Mercedes S500? Buy a 2000 for $10k. Of course, it will seldomely leave the shop, but that's the cost of owning a premier vehicle. Buy yourself a Porsche Carrera and just accept that the odds you're going to need a new engine at 80k are better than 50:1. And don't even think about getting body work done on anything over 5 years old unless you have a very forgiving insurance company.
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unless the thing gets 100MPH and has extremly good impact testing I don't see what the big deal is except for the price.
Well, that is the revolutionary part. One could buy 7 Nanos for the price of 1 Honda Civic. Or 8 for the price of a single Toyota Camry.
Who now, will want to buy a Honda Civic or Toyota Camry??
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sig.. that would make a great second car for folks like yourself who hate cars.
lazs
I'm afraid that you are mistaken. I own two automobiles. My second vehicle is a SUV:
(http://i154.photobucket.com/albums/s272/lanceJOregon/family%20friends/pathside_online.jpg)
I just don't drive it that much anymore, due to the high price of gas. I filled it up yesterday, and it cost me $63.00 And that was despite the fact that there was still a quarter of a tank of gas left in it.
Of course, the dollar is also not worth what it used to be. I remember well how so many Americans scoffed at the Euro when it was first introduced.
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Well, that is the revolutionary part. One could buy 7 Nanos for the price of 1 Honda Civic. Or 8 for the price of a single Toyota Camry.
Who now, will want to buy a Honda Civic or Toyota Camry??
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Me...
and I don't much care for Toyotas. I would not feel safe in that Nano thing. It's dificult to think of it as a car. There are lots of people who don't much like cars and are only looking for cheap transportation. This ought to do well with those types.
Mark
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I don't like small tatas :D
If you ever want to buy a Taser, just let me know, as I know a sales lady that I could hook you up with:
(http://san1.atlanta.gbhinc.com/GB/094317000/94317218/pix1692056031.jpg)
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There are lots of people who don't much like cars and are only looking for cheap transportation.
mark, thats what a car is supposed to be, transportation.
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mark, thats what a car is supposed to be, transportation.
Are you an American????
You should know that in the U.S., A car is transportation-and much more...
They are a status symbol. They reflect who you are, your personality.
What is the one thing a teenager looks' forward most to? Any guesses?
And BTW...that Tata will spell 'bottom of the heap' as soon as the first one hits' the American roads.
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Hmm. Not going to "revolutionize !!!!" the world market at all.
I think it's a great idea, not unlike the $100 (now $200?) laptop that is 1/10th the cost of current 1st world models. No one thinks this is intended to be marketed in the US, right?
The real money will come from financing these cars, not selling them. :)
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You guys might wanna reconsider buying Minis, Tatas, and Smart cars...
(http://i183.photobucket.com/albums/x122/m31087/ATT00003.jpg)
(http://i183.photobucket.com/albums/x122/m31087/ATT00002.jpg)
(http://i183.photobucket.com/albums/x122/m31087/ATT00001.jpg)
This is just the G-rated version. I got more if ya want to be more convinced ;)
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my Honda accord is 17 years old, i think I'll buy it a new paint job for it's birthday.
i bought it new.
Is it something like this?
(http://virginiausedcardealers.com/regional/142247A.jpg)
I loved Honda accords from that generation. Very mean-looking.
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You can't even fit a trunk monkey in that thing. We'll have to develop a trunk squirrel for that one instead.
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In regards to the pictures of the head-on........
Doesn't matter what car is in the picture there....looks like buddy pulled out to pass and got nailed by a truck that has a gross weight of 30,000 lbs empty.
A volvo would have looked like an aluminum beer can if it got hit like that.
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You guys might wanna reconsider buying Minis, Tatas, and Smart cars...
(http://i183.photobucket.com/albums/x122/m31087/ATT00002.jpg)
This is just the G-rated version. I got more if ya want to be more convinced ;)
Where did the driver of this car go???
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we ever going to get a delete button?
sent you a PM SIG220
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Where did the driver of this car go???
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The driver was salvaged from that wreck. Do you really want yo see it?? :uhoh It won't be G-rated though.
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In regards to the pictures of the head-on........
Doesn't matter what car is in the picture there....looks like buddy pulled out to pass and got nailed by a truck that has a gross weight of 30,000 lbs empty.
A volvo would have looked like an aluminum beer can if it got hit like that.
Hmm...That looks' like a lotta metal on that trailer. I'd be willing to wager closer to 40,000# tare weight, but it's hard to know without actually running that truck over a scale.
Looks' like there was a fire involved in that wreck, too. Nasty.
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What has me really concerned......we all really need to conserve fuel....this is without a doubt. But what about folks that live in the extremes. Texas Mom you know what I'm talking about. Up here you need to have 4 wheel drive, and something that sits well above the ground level. Which equalls extremely low gas milage.
No win situation here. Buy small, get bogged down. Buy what you need....get raped over gas prices. Doesn't apply to the lower 48, but damned sure applies to where I live. So buy something that can't get you there, or buy something that will cost my customers an arm and a leg.........no win!
<S>
Rokit
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It doesn't revolutionize the car industry anymore than a solution to clean water supply in the third world would revolutionize the culinary industry... It does revolutionize the possibilities for the target audience. For anyone else, it's a very crapy and boring econobox.
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Good size for a second car or for those who mostly travel in the city. They wont sell any here tho as it will prolly not meet the safety standards. The new Think electric car will prolly sell alot tho and I will be one of the customers.
http://www.techfresh.net/gadgets/transportation/the-think-ox-electric-crossover-concept/
http://www.think.no/think/Think-Models-Concepts/TH!NK-Ox (http://www.think.no/think/Think-Models-Concepts/TH!NK-Ox)
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I'm afraid that you are mistaken. I own two automobiles. My second vehicle is a SUV:
(http://i154.photobucket.com/albums/s272/lanceJOregon/family%20friends/pathside_online.jpg)
I just don't drive it that much anymore, due to the high price of gas. I filled it up yesterday, and it cost me $63.00 And that was despite the fact that there was still a quarter of a tank of gas left in it.
Of course, the dollar is also not worth what it used to be. I remember well how so many Americans scoffed at the Euro when it was first introduced.
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Lawl $63!! I pay $177 to fill up my E320 mercedes benz. Your gas is dirt cheap still.
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Actually, I understood what he is saying quite clearly. No need to explain. I seriously doubt the car being pictured would last 10 years. I seriously doubt most models would have more than 50% of their ranks on the road in 10 years. Basically, the odds of the world running out of fuel before this car dies are near astronomical.
Caltex said last week they believe crude oil within 5 years will be in the $300 USD a barrel range as demand continues to outstrip dwindling supples...basically what i mean't was a car that runs on petrol is no longer even remotely revolutionary
Tronsky
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$300 usd per gallon would make gas in the U.S. nearly as expensive as Europe.
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PS.. it doesn't make much sense for oil companies to charge so much that people cannot afford to drive at all. You need to apply some market sense to that "$300 per barrel is too much for people to afford to buy gasoline" theory.
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sig.. that suv thing is not a car either.. it is a good car for people who don't like cars.
lazs
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and Detroit laughed when the first Japanese compacts were imported into the
USA.
not so funny now.
The japs are trying to build larger vehicles now and doing a poor job. Look at the tundra.... very poor fuel mileage. Compared to the US makers.
Another feeble attempt to get the indians off the phone banks.
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$300 usd per gallon would make gas in the U.S. nearly as expensive as Europe.
You have to bear in mind we pay a lot of tax. Our fuel is actually no more expensive than yours.
Whilst I hate paying the tax, the money still goes to provide services, so it isn't totally "lost", as the money paid for fuel is.
Western Europe also uses less than half as much fuel per capita. So we actually pay about the same for our fuel as the US, but get at least some benefits from the tax that makes up half the price.
PS.. it doesn't make much sense for oil companies to charge so much that people cannot afford to drive at all. You need to apply some market sense to that "$300 per barrel is too much for people to afford to buy gasoline" theory.
The oil companies charge what people are willing to pay. If oil production can keep up with demand, then the price need not rise. But if production cannot keep up with demand, then the price will keep on rising.
And there is plenty of scope for increased demand. China currently uses about one third as much oil as the US, despite having 4 times the population. If Chinese consumption were to rise to even W European levels per capita, then demand would increase by another 30 million barrels a day. India uses about an eighth as much oil as the US, again it has 4 times the population. If India were to catch up to European per capita oil consumption, it would increase demand by about 35 million barrels a day. That's a potential 65 million barrel increase in demand. World oil production is currently about 85 million barrels a day.
There is plenty of scope for very large oil price increases in future.
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Whilst I hate paying the tax, the money still goes to provide services, so it isn't totally "lost", as the money paid for fuel is.
yes, tax money is never 'lost", it is only wasted. :lol
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China cannot afford oil at $300 per barrel either. This is not a simple supply and demand scenario. The overall economy and social impacts drive the price much more than supply does. The price of oil is not going up simply because they can't pump enough of it.
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Soon to hit America.
A Ford from Canada and a Chevy from Mexico!
Go figure....
Mac
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At $2500 the NANO will mean that even the poorest of people can buy a new car in west and medium class in developing countries. It might mean a huge step upwards in the quality of living for millions of people. And with that, increase in oil consumption and pollution naturally.
BINGO!
Charon
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With oil prices climbing those who can't afford a more expensive car aren't likely to be driving near as much as present car owners.
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Woohoo, Awesome! Another car for a turbo hayabusa engine and race them against tossers in their Ferrari's. :D
http://www.youtube.com/watch?v=InL-uARF6ks&feature=related
<S>...-Gixer
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The price of oil is not going up simply because they can't pump enough of it.
That's exactly why the price of oil is going up.
Oil demand is rising, production is struggling to keep up. Production is actually falling in large parts of the world, the only substantial rises are in Russia and Opec countries. The net result is that we are in a seller's market, and they can charge what they like. There just isn't enough spare capacity to provide the competition needed to drive the price down.
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The japs are trying to build larger vehicles now and doing a poor job. Look at the tundra.... very poor fuel mileage. Compared to the US makers.
Another feeble attempt to get the indians off the phone banks.
I dare you to tell that to Nissan. Nissan's new GT-R weighs ~4,000lbs with just 480 hp.
http://www.youtube.com/watch?v=yDoJdQXmwu8
A stock Nissan GT-R is physically LARGER and is faster at race tracks than...
- Porsche Turbo
- Porsche GT3 (NOT the RS)
- Corvette Z06
- Viper
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See Rule #2
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That's exactly why the price of oil is going up.
Oil demand is rising, production is struggling to keep up. Production is actually falling in large parts of the world, the only substantial rises are in Russia and Opec countries. The net result is that we are in a seller's market, and they can charge what they like. There just isn't enough spare capacity to provide the competition needed to drive the price down.
No. That's not "exactly why it's going up". Production gets limited, fuel gets hoarded and the price goes up. It's not "oops, we can't make enough" it's "oops, we didn't make as much so we're just going to have to charge you more." The incentive for oil companies to make less and sell for more with an increased proffit is significant. The supply is controlled by the people setting the prices. Demand has not changed as significantly as the prices idicate. The supply has not changed as significantly as the prices indicate. It's simply people figuring ways to make more off of a commodity and seeing just how much people are willing to take before the curve swings the other way.
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See Rule #2
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Production gets limited, fuel gets hoarded and the price goes up
But fuel isn't being hoarded. Oil inventories are about average at the moment. If it was a speculative bubble, you'd see rapidly increasing inventories as supplies were held back.
It's not "oops, we can't make enough" it's "oops, we didn't make as much so we're just going to have to charge you more."
Saudi Arabia is about the only country in that position. Every one else is producing at close to capacity.
The incentive for oil companies to make less and sell for more with an increased proffit is significant.
That only works if one player dominates the market. But the world's largest oil company, Aramco, produces about 10% of the world's oil. The next largest is the Iranian state oil company, with about 5% of the market, and they get smaller from there. The only company with the size to manipulate the market like that is Aramco, which is owned by the Saudi government.
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No one is being turned away at the pump. You can buy all the gas you want because there's no significant spread between supply and demand.
This is how markets react to risks. The risks are the real possibilities of a large future US market drop, financial institution failures later this year including Fannie Mae and Freddie Mac, continual degradation of the $US, a deep recession from housing equity dropping over 30% and the biggest risk - a US/Israeli attack against Iran before the inauguration next year. It's hard to see prices going below $100/bbl again for very long. Could happen, but I wouldn't plan on it.
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No one is being turned away at the pump. You can buy all the gas you want because there's no significant spread between supply and demand.
This is how markets react to risks. The risks are the real possibilities of a large future US market drop, financial institution failures later this year including Fannie Mae and Freddie Mac, continual degradation of the $US, a deep recession from housing equity dropping over 30% and the biggest risk - a US/Israeli attack against Iran before the inauguration next year. It's hard to see prices going below $100/bbl again for very long. Could happen, but I wouldn't plan on it.
I've already lost over $17,000 in my investments over the past 4 months. And a Realtor just informed me that my home is now worth $24,000 less than what the county tax accessor says that it is worth. And that if I put it on the market, it would take at least 2-3 months to sell. So that is a $41,000 hit that I have taken just this past year. And I'm much better off than many folks, since I own my house free and clear, and have no debt of any kind at all.
You are absolutely right: this could just be the tip of the iceberg. Things can easily go dramatically downhill from here, especially if banks start to fail. We are already seeing things happening in the economy that we have not seen take place since the Great Depression: National home values all falling, and people spending more money than they are earning in order to get by. :uhoh :uhoh :uhoh
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If you ever want to buy a Taser, just let me know, as I know a sales lady that I could hook you up with:
(http://san1.atlanta.gbhinc.com/GB/094317000/94317218/pix1692056031.jpg)
WOW. She's got two 38's pointed at me...and she's holding a taser too :D
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You guys might wanna reconsider buying Minis, Tatas, and Smart cars...
This is just the G-rated version. I got more if ya want to be more convinced ;)
I don't buy a car thinking I am going to run into a head on collision with a large truck at speed.
I'd certainly not want to be in a GTR in that situation either.
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banks cannot fail like they did in the depression, the govt, FDIC backs them up, thats why the FDIC was created.
this is just a correction of the over heated housing market hyped up by house flippers, real estate agents, mortgage brokers, housing speculators.