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Hertz filed Chapter Eleven, which IIRC means they would restructure their debt but continue operating. It will be a while longer before anyone buys the name. Depending on how sustainable their restructured finances are, they might be in a position to buy out one of the other operators when they struggle. When the whole industry is crashing, being first into bankruptcy can be a win.
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May 23, 2020 20:33
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Applebees Appetizer posted:I completely agree but lol at that ever happening Wife's company did phased pay cuts. Ceo took 40%, VPs took 30%, mid level took 20%, line managers (her) took 15% and employees took 7.5%. They do exist, it's just rare as Panthers in FL.
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May 23, 2020 20:36
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40% at a CEO’s pay level probably hurts a hell of of a lot less than 7.5% at minimum wage
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May 23, 2020 21:23
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Rock My Socks! posted:40% at a CEO’s pay level probably hurts a hell of of a lot less than 7.5% at minimum wage Hey man, I took a 4 million dollar pay cut by going from 10 million to 6 million. We're all feeling the pain!
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May 23, 2020 21:35
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Hertz was in bad shape but had kind of turned things around in the last few years. Just too much debt from earlier mistakes. Rental car business is pretty tough. It's capital and labor intensive, and you need a really high utilization rate of assets to make money. Even if they cut all executive pay to zero it might buy them a week. Wrar posted:Wife's company did phased pay cuts. Ceo took 40%, VPs took 30%, mid level took 20%, line managers (her) took 15% and employees took 7.5%. They do exist, it's just rare as Panthers in FL. We did this, too. Managing directors took 20%, directors took 15%, managers took 10%, people below managers did not have pay cuts.
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May 23, 2020 22:04
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ilkhan posted:Its not losing money, its spending money towards a good/service that you feel is worth the expenditure. For some people cars are completely transportation and completely a loss. For others, us, we spend the money for extras (power, performance, prestige, efficiency, etc) because we feel it is worth it. By the time I sold my GTI after 10 years the cost per mile was around 30 cents over the life of the car, not accounting for gas. So, cars can be fun and pretty efficient.
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May 23, 2020 22:08
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Keep it holy ya'll, back on track.
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May 23, 2020 22:35
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Elmnt80 posted:Keep it holy ya'll, back on track. What's the DEAL with new cars??
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May 23, 2020 23:39
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So is Toyota ever going to redesign the 86? All it’s gotten is a minor facelift since 2012 right?
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May 23, 2020 23:57
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Rock My Socks! posted:So is Toyota/Subaru ever going to redesign the 86? All it’s gotten is a minor facelift since 2012 right? Yes, new one coming in 2021 or 22. Supposably with a FA24
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May 24, 2020 00:01
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It was a hilariously irresponsible choice but I still love every moment I drive in my S5.
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May 24, 2020 01:08
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I kind of regret buying my Si new but I will probably buy a new car again if my economic situation stays solid. Right now I just kinda hate having a car payment for a car that goes nowhere.
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May 24, 2020 05:10
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Proud Christian Mom posted:It was a hilariously irresponsible choice but I still love every moment I drive in my S5. Do you have the old 4.2 v8, supercharged 6 or turbo 6?
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May 24, 2020 05:37
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Russian Bear posted:Do you have the old 4.2 v8, supercharged 6 or turbo 6? Turbo 6
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May 24, 2020 15:24
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I like the Lincoln Corsair I'm leasing. The only option I didn't get was the package with the inverted grille design and 20" wheels. Likes: Good balance of ride/handling, plenty of power, pretty good fuel economy, good use of space, very quiet inside, everything looks and feels nice, excellent build quality, the Revel stereo sounds great Dislikes: Sync 3 is a little laggy and not as robust as its competitors; 24-way seats take a lot of fiddling to get just right - but when you do, you never touch them again and they hold up on long drives; cruise control buttons are weird - you pull from behind instead of pushing I'm 6 months/6000 miles into the lease, and have no issues. Quality wise, I only spotted 2 defects from the factory - speaker grille in the middle of the dashboard is missing a clip, so one corner does not sit perfectly flush; on the inside of the driver's rear door there's a 1-2mm paint blip, presumably where a robot finger was during the painting process. The other doors don't have it. Lincoln has stepped up their sales and service game. It was hands down the best purchase experience I've ever had. When I was ready to talk numbers, everything was via email with the salesman. I told him what I wanted, he provided me a nice portfolio of available vehicles, and the order option. I chose the order option, he provided me a full pricing breakout via spreadsheet, along with all available financing/lease options for that car. He even included the lease money factor right up front, which was surprising. They had pretty aggressive lease incentives at the time, and the money factor was equivalent to financing, so I chose to lease. I put a deposit down, the salesman delivered to my door 4 weeks later with the paperwork to sign. He took an uber back, and it was done in my home in less than an hour. The salesman read me well the entire time, knew what the right level of contact and information to provide was. Goober Peas fucked around with this message at 15:49 on May 24, 2020 |
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May 24, 2020 15:32
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Goober Peas posted:I like the Lincoln Corsair I'm leasing. The only option I didn't get was the package with the inverted grille design and 20" wheels. Did you get the hybrid or 2.3 turbo?
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May 24, 2020 15:36
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Wrar posted:Did you get the hybrid or 2.3 turbo? 2.3 Turbo
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May 24, 2020 15:49
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Goober Peas posted:I like the Lincoln Corsair I'm leasing. The only option I didn't get was the package with the inverted grille design and 20" wheels. Yeah the Corsair is great. A real hidden gem right now, I think. I hope they update the nautilus soon to that standard because it hasn’t gotten a new interior since ‘16.
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May 24, 2020 15:52
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"i don't know what the Lincoln Corsair is but I bet it's an SUV." [Googles] "YEP"
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May 24, 2020 16:31
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I'm just glad that Lincoln has finally gotten back to model names. No more MK* bullshit.
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May 24, 2020 16:45
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Boaz MacPhereson posted:I'm just glad that Lincoln has finally gotten back to model names. No more MK* bullshit. MK names that were read "mark" on some models and "em kay" on others.
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May 24, 2020 17:23
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KillHour posted:"i don't know what the Lincoln Corsair is but I bet it's an SUV." It's white too  They have a really neat looking bright blue, but it was going to be a 3 month wait if I ordered one that wasn't white/gray/silver. Which is one of the reasons why I didn't go with the Volvo V60cc - it was going to be a 3 month wait because none of the dealers in the region stock wagons. The dealer had a leftover Nautilus Black Label that was going to work out to be the same price as the Corsair. I just didn't like the interior, and honestly other than width the Corsair felt just as roomy with a smaller overall footprint. Goober Peas fucked around with this message at 19:12 on May 24, 2020 |
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May 24, 2020 19:08
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Goober Peas posted:Which is one of the reasons why I didn't go with the Volvo V60cc - it was going to be a 3 month wait because none of the dealers in the region stock wagons. They don't sell even in places where they do stock them. If you go on leasehackr people are often getting 20-25% below MSRP on V60CC's that have less than 500 miles on them marked as previous loaners because that's the only way to move them. Before I bought my latest there was a fully kitted, green 2020 V60 Cross Country that I was interested in, 300ish miles and 'previous loaner'. I emailed the dealer and said, 'I see on leasehacker these go 25% below MSRP, I'll take it if you can match'. It took them three days to get back with, "Yes we can match" but by then I had already agreed to purchase my current car. Similar mark downs on the (400hp?) S60 T8 super, turbo, plug in hybrid electric sedans as those apparently don't sell either. Oh, and you can get like $5k federal tax credit and depending on where you live a state tax credit as well. So, you can get new $60k MSRP S60 T8s for ~$40-44k if you are aggressive and will take whats on the lot. Volvo is apparently only still in business because of XC90s and XC60s.
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May 24, 2020 21:35
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Everyone is only in business because of crossovers and SUVs. Apparently that’s an unpopular message here in AI, but it’s an inescapable truth. Volvo specifically was up 10% YoY in 2019, and I think it’s had year-on-year growth every year for the last six years.
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May 24, 2020 21:56
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Boaz MacPhereson posted:I'm just glad that Lincoln has finally gotten back to model names. No more MK* bullshit. This is why I have no idea what the current Infiniti line-up is. Everything is just a Q.
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May 24, 2020 22:54
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Murgos posted:They don't sell even in places where they do stock them. If you go on leasehackr people are often getting 20-25% below MSRP on V60CC's that have less than 500 miles on them marked as previous loaners because that's the only way to move them. Well poo poo. So the choice is either order a V60/v90 or get a v60XC for 20% off?
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May 24, 2020 23:02
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Goober Peas posted:I like the Lincoln Corsair I'm leasing.... Was your Lincoln dealership attached to a Ford dealership? Could the salesperson sell either brand? I was at a Genesis dealer and the sales ppl were not to set foot into the Hyundai side and vice versa (they're very nice and professional about it)...
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May 24, 2020 23:24
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CAT INTERCEPTOR posted:For the money you get a lot of car still tho - 202Kw, 360ish NM in a hatchback means this thing is going to need traction control which is decently tuned and I think can be dialled back if you want to be more aggressive - there's a N-mode that makes it noiser as well. The gearshift isnt what I call the best but it's good enough. Brakes are really impressive so it'll go and stop. Steering isnt quite as sharp or with t e feedback I like but that kinda seems to be more the way of modern cars. It's an understeerer of course but what hot hatch isnt? But it's happy to tricycle and even get some what frisky with some well applied left foot to get the weight shift really going. There's a "terms and conditions apply" warranty that allow track days as well. Albert Biermann's presence for the full development cycle of the latest generation of Hyundai products seems to have brought that last 20% Hyundai vehicles were missing to be great. The Optima I'm driving now is largely competent but misses the dynamic podium for two major reasons: the steering is too twitchy on-center, and the ride isn't quite as nice as you'd expect even with the thick sidewalls. The rear gets unsettled on bumpy roads, and sharper impacts like expansion joints come through a bit too clearly into the cabin. I would also wait until the Hyundai 2.0T - a slow, inefficient, and unreliable motor - gets dropped for the new 2.5T in any vehicle that has the 2.0T as an engine option. drgitlin posted:Everyone is only in business because of crossovers and SUVs. Apparently that’s an unpopular message here in AI, but it’s an inescapable truth. I think everyone here understands that an automaker today cannot survive just making cool cars for enthusiasts (hi Lotus!) The tension comes from automakers removing cars from their lineup that rewarded driver involvement in favor of sanitized and emotionless mobility solutions, all while trading on those past glories to sell a present that is a pale imitation of the past. Here are some examples of what I mean: https://www.youtube.com/watch?v=rsCROs_3l7I https://www.youtube.com/watch?v=RZrTyIdOj4M
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May 25, 2020 00:07
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the acura one is really sad. ford still makes some fun cars at least. acura makes uhhhhh uhh buh the NSX? i guess?
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May 25, 2020 01:03
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KYOON GRIFFEY JR posted:the acura one is really sad. ford still makes some fun cars at least. acura makes uhhhhh uhh buh the NSX? i guess? Fun Acura died when they axed all their stuff like the RSX and TSX sport wagon and they decided to move fully into the Lexus/Infiniti space.
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May 25, 2020 01:09
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Godzilla07 posted:
Do not look into the history behind the 2.0T engine, it will destroy the reputation you hold of Hyundai.
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May 25, 2020 01:24
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I dunno there's a new TLX announcing May 28 that should be pretty rad. Twin turbo V6 and whatnot.
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May 25, 2020 01:42
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Residency Evil posted:Well poo poo. So the choice is either order a V60/v90 or get a v60XC for 20% off? My experience was you can get the XC60/XC90 (SUV) for 20% off, or order a wagon for 8% off (V60/V90/V60XC/V90XC) and wait 3 months. smooth jazz posted:Was your Lincoln dealership attached to a Ford dealership? Could the salesperson sell either brand? It was a standalone, with Alfa, Maserati, Jaguar/Land Rover, Lexus, Acura in the same acreage (same dealership group). The nearest Ford dealership is about 5 exits down the freeway, different dealership group (AutoNation). We're back down to 1 Genesis dealer locally. There were "3" with 3 in parenthesis as 2 were just corners of Hyundai/Kia dealerships with nice furniture. They're all run by the same dealership group that also has all of the VAG dealerships locally, and are complete and total scum. The stand-alone Genesis dealership was the one that told me "they don't do that fancy Genesis poo poo" when I test drove a G70 when it came out. At least that's what I think he said, I couldn't hear him over the music blaring throughout the lot. Goober Peas fucked around with this message at 01:56 on May 25, 2020 |
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May 25, 2020 01:48
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drgitlin posted:Everyone is only in business because of crossovers and SUVs. Apparently that’s an unpopular message here in AI, but it’s an inescapable truth. Justin Bieber sells a lot of albums too.
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May 25, 2020 01:50
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Jon Ikeda, the boss of Acura, makes all the right noises about it being a performance brand going forward, not a luxury brand. But Acura is dependent on having decent Hondas to Americanize, so who knows if it’ll happen. And while the NSX looks good and has some clever technology, it’s pretty boring to drive. drgitlin fucked around with this message at 01:56 on May 25, 2020 |
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May 25, 2020 01:53
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As long as Acura isn’t cranking out man trans Legend Coupes and Integras they are dead to me.
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May 25, 2020 02:07
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In an era of Signature, Platinum, Limited, etc, trim levels on mainstream badge vehicles which bring most of the amenities of actual luxury vehicle interiors, brands like Acura and Infiniti which mostly sell vehicles built on cheaper mass-market platforms no longer have any reason to exist; nobody who cares about the badge will buy an Acura or Infiniti over a real luxury status brand.
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May 25, 2020 02:38
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Ror posted:This is why I have no idea what the current Infiniti line-up is. Everything is just a Q. I remember when they announced that they were moving to all Q for cars and all QX for SUVs. I also remember thinking that was an incredibly stupid idea.
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May 25, 2020 03:42
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Ror posted:This is why I have no idea what the current Infiniti line-up is. Everything is just a Q. Q = cars QX = crossovers and SUVs A lager number after the Q/QX = a higher model They only have 2 cars (a sedan and coupe) and 2 crossovers and a SUV.
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May 25, 2020 03:47
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Mr. Apollo posted:It basically follows the same naming scheme as Audi, which shouldn’t be surprising considering they hired Johan de Nysschen who was president of Audi USA. He then went on to implement the exact same naming scheme at Cadillac (CT for cars, XT for crossovers and then Escalade probably because he got told he couldn't rename it), he kind of sucks, but at least he's consistent.
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May 25, 2020 03:49
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