Earthquake in Japan Damages Infiniti Cars
- Thread starter vmatador
- Start date
SexualChocolate
Member
- Location
- SE Houston
Yes sir, those are just junk. However there are cars at the plant, at storage facilities, etc that have damaged panels. Those will be repaired and sent out. Personally I would prefer not to own one of those.
- Location
- Portland, OR
How does a fire like that start AFTER a flood? Seems awfully convenient. Definitely no question for the insurance company as to whether those cars are "totaled" now...
cheetahdriver
Member
- Location
- NW Ark
I doubt it.
Mazda scrapped all the cars on the Cougar Ace back in 06. I seriously doubt Nissan would put it's reputation on the line with these cars. They will either take the insurance settlement or the tax write off.
http://www.autoblog.com/2006/12/15/mazda-scrapping-all-cars-aboard-capsized-cougar-ace/
Mazda scrapped all the cars on the Cougar Ace back in 06. I seriously doubt Nissan would put it's reputation on the line with these cars. They will either take the insurance settlement or the tax write off.
http://www.autoblog.com/2006/12/15/mazda-scrapping-all-cars-aboard-capsized-cougar-ace/
- Location
- Los Angeles, CA
- Car
- 05 FX35 RWD
& yet they'll still break even after the insurance claim. Probably easier, safer & cleaner just to recycle bin them
wiseguywm
Member
- Location
- Norristown PA
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Fire0nic3
Guest
Does anyone think there will be a delay now on Infiniti parts? I had some things on backorder through Infinitipartsusa and they had to be made, and now think it may take even longer.
I'm curious about this myself. I wonder also if Infiniti cars in general will go up in value because there will be a shortage of supply at least in the short-term or maybe the opposite because of users being afraid now...not sure, will be interesting how this folds out.
F
Fire0nic3
Guest
I'm going to call corporate and Infiniti parts tomorrow and find out. The estimated time till arrival for my things were orginally mid April. I may not see anything till May then
As a trader I'm sure you know what this does to the company...Quite a bit of money was made today shorting certain Japan and energy based companies .. My margin acct is packed full of solar as of last night.
volatility always brings good trading opportunities Sounds like you got in early....it'll probably be moving a lot more since it could be a ticking time bomb with the nuclear plant, but make sure you have your stop in place. Remember, the market is already adjusted based on what is already known, so at this point it's a gamble 50/50 unless you know some more info than what majority investors may know. If no more fundamental news comes in, trade these using strong technicals as those will follow unless some strong fundamentals come in destroying technicals. Why I mean by this is if no new news is coming in and your technicals are showing it's going down, stay in and if vice versa get out and have the stop in place a fundamental news destroying this.Yeah my triggers for the shorts are all set... I just wish I had more liquid to buy equities and not have to rely on margin.... I bought two solar techs, one usa and one in china and both shot up about 10% in today's trading alone.. I'm thinking in the next month or two as Nuclear energy goes out of favor (temp or permanently) these alternative energy sources will be even more lucrative... Then again, a month for a scalper is a lifetime lol.
that's a major reason I don't trade equities anymore. I used to have a $2 million margin account to trade equities when I worked in chicago and you need that to make good money in equities. All my trades are in currencies and futures because of the high leverage. If your issues are margin, I would suggest trading crude or other energies, or currencies.
Yen dropped from 83.25 to near 80.75 on March 11th. That's a 400 pip drop. With 50:1 leverage, just investing $10,000 would have made you near $20,000 in one day for a total of $30,000.
Plus the other nice benefit of not trading equities is, uncle sam taxes your gains up to 35%!! ouch......futures are taxes much less 1/2 of short and 1/2 long term gains which comes out to low 20s%
Yen dropped from 83.25 to near 80.75 on March 11th. That's a 400 pip drop. With 50:1 leverage, just investing $10,000 would have made you near $20,000 in one day for a total of $30,000.
Plus the other nice benefit of not trading equities is, uncle sam taxes your gains up to 35%!! ouch......futures are taxes much less 1/2 of short and 1/2 long term gains which comes out to low 20s%
cheetahdriver
Member
- Location
- NW Ark
That was mighty admirable of Mazda.
Well, originally they were going to sell all the ones that hadn't been underwater, then they talked to their engineering group (and I suspect read their insurance policy). The final disposition was that every car was totally distroyed, the insurance company and mazda insisted that there not even be the possibility of parts off of the cars being recycled. a company came up with a machine that would shred the car after some components were removed. The airbags were all blown at once with a special adapter to the airbag system and even the wheels were destroyed before recycling.
While I don't know for sure, I suspect this was bump in profits for Mazda. If you figure they were compensated for the selling cost of the car to their dealers, less dealer giveback and advertising allowances, this was just like selling all the cars, plus, they had to produce replacements.
There will probably be a 2-4 month shortage of some of the cars from these plants (not just Nissan) but I doubt much longer than that. We may never even see that shortage in the US.
:mad.::mad.: GRRRRR!
You'd be surprised how quickly shortages can manifest. Parts are especially vulnerable. Repairs on cars occur everyday by the thousands and the parts on hand at the dealers and distributors will likely last 3 weeks at the most. I strongly suggest to people with cars needing repairs to do so soon before parts become scarce.
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- Location
- Los Angeles, CA
- Car
- 05 FX35 RWD
someone commented:
whiskeylover I'd buy a radioactive Nissan over a POS Chevy or GM any day.
whiskeylover I'd buy a radioactive Nissan over a POS Chevy or GM any day.
falcondrgn
Member
- Location
- NYC
- Car
- 2006 FX35
Profits from trading currencies are rarely ever reported as well, another plus compared to trading equities.
falcondrgn
Member
- Location
- NYC
- Car
- 2006 FX35
Thanks but they are factory red actually, the flash from the camera caused the illusion
falcondrgn, love your avatar pic of the rear end yellowish lights!