Month of gains, floats and automobiles
MOTORING has been manic for the past month. We have seen and done everything, from new- car launches in Australia and Europe to sales results at home, job losses at local plants, green-car plans from Toyota and Honda and even Mini, and now the Bathurst 1000.
The new 7 Series BMW and Porsche’s 911 Targa are great, the Renault Koleos promises big things for the French brands, and the Paris Show (left) threw up everything from a new Audi city car to a Volkswagen workhorse with full leather interior.
But the motor industry is not immune to the financial crisis.
Sales in Britain were down more than 20 per cent last month and the Big Three in the US — General Motors, Ford and Chrysler — have been given a $25 bil- lion lifeline in long-term, lowinterest government loans.
The Australian dollar has taken a huge hit, which must affect the price of imported cars.
What does it all mean? No one knows yet, but people still want cars.
Sydneysiders will still flock to the motor show this week, and Bathurst on Sunday promises to be a cracker.