McLaren, Aston, Ferrari - state of business affairs
Discussion
I haven’t watched the latest JayEm video with the clickbait McLaren bankrupt title - mainly because I feel he drones on and on and his accent sounds pompous and grates on my nerves so not sure what his final conclusion was.
I did however come across this very recent article on state of affairs for McLaren, Aston and Ferrari. Thought it was very well written, based on factual data points and balanced in its view. Thought others would enjoy reading it too
https://karenable.com/aston-martin-ferrari-mclaren...
I did however come across this very recent article on state of affairs for McLaren, Aston and Ferrari. Thought it was very well written, based on factual data points and balanced in its view. Thought others would enjoy reading it too
https://karenable.com/aston-martin-ferrari-mclaren...
EK993 said:
I haven’t watched the latest JayEm video with the clickbait McLaren bankrupt title - mainly because I feel he drones on and on and his accent sounds pompous and grates on my nerves so not sure what his final conclusion was.
I don't want to spoil it, but the ending was a big dance number, lot of showgirls involved, really great, honestly the best video on YouTube.The biggest issue that article faces, as with any look at companies like these - is how are companies counting "cars sold".
We *assume* they mean customers who bought or took delivery of cars. In reality, many of these companies count any vehicle passed to a dealer as sold.
It has happened with a number of different companies in the past, Lotus being one example, Aston being another - vehicles pumped out in the hope that they'll make the books look good. The problem is, when those cars fail to sell, the company then needs to discount them beyond belief to create sales which ultimately causes more harm than good.
jayemm89 said:
I don't want to spoil it, but the ending was a big dance number, lot of showgirls involved, really great, honestly the best video on YouTube.
The biggest issue that article faces, as with any look at companies like these - is how are companies counting "cars sold".
We *assume* they mean customers who bought or took delivery of cars. In reality, many of these companies count any vehicle passed to a dealer as sold.
It has happened with a number of different companies in the past, Lotus being one example, Aston being another - vehicles pumped out in the hope that they'll make the books look good. The problem is, when those cars fail to sell, the company then needs to discount them beyond belief to create sales which ultimately causes more harm than good.
And you say you don't promote your YT channel of PH. Whilst you may not provide a direct link to the channel, you jump at every opportunity to respond, keeping the thread alive. It is subliminal advertising of your channel.The biggest issue that article faces, as with any look at companies like these - is how are companies counting "cars sold".
We *assume* they mean customers who bought or took delivery of cars. In reality, many of these companies count any vehicle passed to a dealer as sold.
It has happened with a number of different companies in the past, Lotus being one example, Aston being another - vehicles pumped out in the hope that they'll make the books look good. The problem is, when those cars fail to sell, the company then needs to discount them beyond belief to create sales which ultimately causes more harm than good.
MAC 720S said:
jayemm89 said:
I don't want to spoil it, but the ending was a big dance number, lot of showgirls involved, really great, honestly the best video on YouTube.
The biggest issue that article faces, as with any look at companies like these - is how are companies counting "cars sold".
We *assume* they mean customers who bought or took delivery of cars. In reality, many of these companies count any vehicle passed to a dealer as sold.
It has happened with a number of different companies in the past, Lotus being one example, Aston being another - vehicles pumped out in the hope that they'll make the books look good. The problem is, when those cars fail to sell, the company then needs to discount them beyond belief to create sales which ultimately causes more harm than good.
And you say you don't promote your YT channel of PH. Whilst you may not provide a direct link to the channel, you jump at every opportunity to respond, keeping the thread alive. It is subliminal advertising of your channel.The biggest issue that article faces, as with any look at companies like these - is how are companies counting "cars sold".
We *assume* they mean customers who bought or took delivery of cars. In reality, many of these companies count any vehicle passed to a dealer as sold.
It has happened with a number of different companies in the past, Lotus being one example, Aston being another - vehicles pumped out in the hope that they'll make the books look good. The problem is, when those cars fail to sell, the company then needs to discount them beyond belief to create sales which ultimately causes more harm than good.
jayemm89 said:
I don't want to spoil it, but the ending was a big dance number, lot of showgirls involved, really great, honestly the best video on YouTube.
The biggest issue that article faces, as with any look at companies like these - is how are companies counting "cars sold".
We *assume* they mean customers who bought or took delivery of cars. In reality, many of these companies count any vehicle passed to a dealer as sold.
It has happened with a number of different companies in the past, Lotus being one example, Aston being another - vehicles pumped out in the hope that they'll make the books look good. The problem is, when those cars fail to sell, the company then needs to discount them beyond belief to create sales which ultimately causes more harm than good.
Fq me Lotus...The biggest issue that article faces, as with any look at companies like these - is how are companies counting "cars sold".
We *assume* they mean customers who bought or took delivery of cars. In reality, many of these companies count any vehicle passed to a dealer as sold.
It has happened with a number of different companies in the past, Lotus being one example, Aston being another - vehicles pumped out in the hope that they'll make the books look good. The problem is, when those cars fail to sell, the company then needs to discount them beyond belief to create sales which ultimately causes more harm than good.
jayemm89 said:
I don't want to spoil it, but the ending was a big dance number, lot of showgirls involved, really great, honestly the best video on YouTube.
Oh well guess I will never find out - my loss.My guess is that you will be wrong and McLaren will be around for quite some time to come.
I don't understand trashing something you haven't watched, or the ad hominem attack on his accent. If you don't like it, don't watch it but seems unnecessary to trash him here. Of course it has a clickbait title - that is how YouTubers get paid. There is a shedload of car-based content on YouTube; if I was doing what JayEmm is doing I'd probably have the same approach to help differentiate the product.
I actually did watch it and I thought that he had some good points - he isn't saying they are going bust imminently, but if McLaren doesn't fix a few things it could very well be in trouble within a few years. Which is correct, particularly the way the world is going now. They just needed a bailout from their shareholders. I've watched the entire series he's done on McLaren, including reviews of 4 actual cars, the rants about McManchester, and the Thorney videos, and have really enjoyed them - he clearly rates the cars themselves, and I for one appreciate a bit more detail than the usual car review video.
I actually did watch it and I thought that he had some good points - he isn't saying they are going bust imminently, but if McLaren doesn't fix a few things it could very well be in trouble within a few years. Which is correct, particularly the way the world is going now. They just needed a bailout from their shareholders. I've watched the entire series he's done on McLaren, including reviews of 4 actual cars, the rants about McManchester, and the Thorney videos, and have really enjoyed them - he clearly rates the cars themselves, and I for one appreciate a bit more detail than the usual car review video.
EK993 said:
I did however come across this very recent article on state of affairs for McLaren, Aston and Ferrari. Thought it was very well written, based on factual data points and balanced in its view. Thought others would enjoy reading it too
https://karenable.com/aston-martin-ferrari-mclaren...
Thank youhttps://karenable.com/aston-martin-ferrari-mclaren...
jayemm89 said:
EK993 said:
I haven’t watched the latest JayEm video with the clickbait McLaren bankrupt title - mainly because I feel he drones on and on and his accent sounds pompous and grates on my nerves so not sure what his final conclusion was.
I don't want to spoil it, but the ending was a big dance number, lot of showgirls involved, really great, honestly the best video on YouTube.The biggest issue that article faces, as with any look at companies like these - is how are companies counting "cars sold".
We *assume* they mean customers who bought or took delivery of cars. In reality, many of these companies count any vehicle passed to a dealer as sold.
It has happened with a number of different companies in the past, Lotus being one example, Aston being another - vehicles pumped out in the hope that they'll make the books look good. The problem is, when those cars fail to sell, the company then needs to discount them beyond belief to create sales which ultimately causes more harm than good.
That it doesn’t provide the data that you want isn’t really their problem. Once they’re invoiced they’re gone.
Not trying to be picky but I think you reference Lotus too often. Can’t say it always helps as a number of smaller manufacturers like Lotus, Caterham, Morgan have peculiar practices that don’t float in the rest of the industry.
mitch_ said:
As far as I am aware, having spent my working life in the motor industry, all manufacturers treat cars as sold as soon as they are invoices. Whether that be to a dealer, a non-affiliated funding company or a leasing company.
That it doesn’t provide the data that you want isn’t really their problem. Once they’re invoiced they’re gone.
Not trying to be picky but I think you reference Lotus too often. Can’t say it always helps as a number of smaller manufacturers like Lotus, Caterham, Morgan have peculiar practices that don’t float in the rest of the industry.
That’s true from my knowledge of how things work too. However, where things get a little bit more complicated is with finance subs who have the residual value on cars where they have been sold on products where the owner can “hand the keys back”. I think both McLaren and Aston used deals like this to clear stock in Q4 2019..those kind of deals looked like they were booking a sale now in the knowledge in two years time when the cars almost certainly come back there will be a loss on the residual. That it doesn’t provide the data that you want isn’t really their problem. Once they’re invoiced they’re gone.
Not trying to be picky but I think you reference Lotus too often. Can’t say it always helps as a number of smaller manufacturers like Lotus, Caterham, Morgan have peculiar practices that don’t float in the rest of the industry.
SSO said:
EK993 said:
I did however come across this very recent article on state of affairs for McLaren, Aston and Ferrari. Thought it was very well written, based on factual data points and balanced in its view. Thought others would enjoy reading it too
https://karenable.com/aston-martin-ferrari-mclaren...
Thank youhttps://karenable.com/aston-martin-ferrari-mclaren...
That article states " McLaren builds cars on a fixed assembly line with the same team building the entire car."
That's plain wrong, isn't it? It certainly wasn't how McLaren explained the production line to me, nor did it look like a team doing everything on the car.
Maybe a misunderstanding of terms
That's plain wrong, isn't it? It certainly wasn't how McLaren explained the production line to me, nor did it look like a team doing everything on the car.
Maybe a misunderstanding of terms
mcl570 said:
I am sure Mumtalakat (Majority shareholders of McLaren, based in Bahrain) will be funding McLaren for years to come. Extremely wealthy with a huge passion for the brand.
In the current climate, with the oil price as it is, the Bahrain sovereign wealth fund may find that it has different priorities or at least needs to be seen to have different priorities. And what will be the projected IRR on further investment in McLaren??
In the current climate, the ensuing extended recovery time and most likely change in peoples spending patterns, i would feel confident that it won't just be McLaren and Aston Martin that shall struggle; more than a few car manufacturers shall teeter or fail so not exactly scoop of the month.
Maybe the boyo can make some videos about that, or alternatively, he can keep making videos about McLaren covering the same points again and again each time.
Me? I shall just continue to enjoy having mines in the meantime, and watch videos that are not doom and gloom.
Maybe the boyo can make some videos about that, or alternatively, he can keep making videos about McLaren covering the same points again and again each time.
Me? I shall just continue to enjoy having mines in the meantime, and watch videos that are not doom and gloom.
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