Re: Pound sterling could collapse by another 16% as 'incredibly complicated' Brexit becomes clear, says Deutsche Bank
Posted: Fri Feb 17, 2017 4:55 pm
As I've said before, all of the mainstream media is biased...Happy in Cyprus wrote: ↑Fri Feb 17, 2017 4:39 pm
Can't say I've noticed any political bias from either ITV or their industrial editor, Joel Hills...have you?
...the only reason you think it isn't is because its bias agrees with your own. As proven by this Brexit story.
I mean, you're telling us that 'global industrialists do look a bit further than the end of their noses'... At the beginning of June 2016 pretty much nobody believed that the UK would vote for Brexit (including ITV and all the pollsters)...
So on June 24th GM suddenly decided that 'because Brexit' they would have to sell up all their European operations..?
Given they went bankrupt (in 2009?) and had to sell Saab (did I miss Swexit?) isn't it more likely that they are still leaching cash on their European operations and looking to get out...?
Oh wait, a quick Google tells us...
So as I said, nothing to do with Brexit....Wiki wrote:GM lost approximately $18B over the past 12 years in Europe.
GM reported a loss of US$ 257 millions from its European operations on 2016, sixteenth consecutive loss-making year for GM in Europe, bringing its amount losses on the continent since 2000 to more than US$ 15 billions.