This page has been archived and commenting is disabled.
This Is One Way China Deals With Its Massive Auto Excess Inventory
Inventories of US autos in China recently exploded, as sales collapsed, leaving 1000s of vehicles gathering dust in Chinese ports... such as Tianjin. With credit collapsing - except for buying stocks on margin - it appears the Chinese have found an alternative way to drawdown that inventory...
With inventories at record levels...
And inventories-to-sales flashing recession red. One wonders if Automaker management 'hopes' for some more apocalyptic scenarios in global ports to drawdown this stack of vehicles that no one is buying.
»
- 58359 reads
- Printer-friendly version
- Send to friend
- advertisements -
Insurance Fraud or Acts of God... WELCOME TO THE BIG LEAGUES CHINA!
Yup, but nobody does it better than the jews, just ask larry silverstein.
why are those rafters not melted? i thought steel beams turned molten at low temperature.
I recommend for the writer of this article to be publicly executed!
now that's creative destruction Chinese style
FOR SALE
2015 Renault Megane GT220 White on Charcoal
Seller's CommentLIKE NEW - SUPER LOW KM. NEW TYRES FITTED - SLIGHTLY CHARRED
GREAT EUROPEAN DESIGN . VERY STYLISH. CHARCOAL INTERIOR. VERY ECONOMICAL . SMOOTH RIDE. SMOKED WINDOWS & MIRRORS.
MANY SIMILAR MODELS TO CHOSE FROM
SOME FINISH DAMAGE - QUICK CLEAN UP, EASY REPAIR. GREAT FAMILT CAR OR EVERYDAY DRIVER, ESP. FOR SMOKER SELLING WITH RWC AND ALL ON ROAD COSTS INCLUDED IN THE PRICE. DRIVE AWAY EXPLOSIVE PRICES - WE WILL NOT BE UNDERSOLD! WE ARE SITUATED IN TIANJIN NEAR THE DONGJIANG PORT. CONTACT MR. LIU TO ARRANGE A TEST DRIVE.
CONTAINERIZED SHIPPING AVAILABLE
This being China, the fatality count will be artificially lower.
I thought Capitalists just lowered the price until they sold all units.
I thought Communists just gave stuff to whoever needed it.
So can we please stop pretending that we have either?
Capitalism AND Communism: TPTB do that when it suits them, but NO WAY do they do either if the little guy stands to get something out of it.
Can't give shit away! The plebs might lose motivation and stop working!
P.S. Was it just cars? What else was lost in that explosion?
Lots more toasty car pics here:
http://www.carnewschina.com/2015/08/13/blast-in-chinas-tianjin-port-area...
Maybe someone has interdicted one of ISIS's supply routes.
The Saudis did it because of their freedom
Oh, I needed that laugh.
Slight hellfire and brimstone damage?
Do they come in charcoal gray?
Is financing available?
Sold "as is"?
This is preferable to driving them around a little bit each week, hoping someone will buy them.
http://www.worldcomplex.blogspot.ca/2014/08/are-ghost-cities-in-china-re...
Well, that's quite a change from Doctor Zhivago's "You have 14 rooms just for the two of you while whole families don't even have one room". As I just mentioned five seconds ago:
I thought Capitalists just lowered the price until they sold all units.
I thought Communists just gave stuff to whoever needed it.
So can we please stop pretending that we have either?
Capitalism AND Communism: TPTB do that when it suits them, but NO WAY do they do either if the little guy stands to get something out of it.
Can't give shit away! The plebs might lose motivation and stop working!
P.S. Give cars away, the future might make a couple of bucks out of fuel, parts and maintena- oh what the hell, they-re Chinese. They probably can't even afford a spark plug ...
I heard Hillary's backup email server was located there...
Prospective buyer's comment
Dear Mr. Liu,
What are your financing options like? I was hoping subprime. I need a car for my daughter that is off to college and will be in the dorms and campus mostly. She likes Eurocentric designs with stylish exterior and interior. She needs to impress peers at college did I mention that too. If no subprime financing is available, can you send me the car by freight when I send you the check? I will pay you slightly more with check, no need to verify if check bounces. I am a mother over the internet that will not go against her word.
Mr. Liu we do not need a test drive we trust that the vehicle is in great condition. We like our cars charred!
Sincerely,
Mrs. Hillary Cunton
Mr. Liu, I'm willing to talk deals if you ship for free AND I get to keep the container. Looks like a great housing opportunity. If you can prefit some toilets, fixtures and laminate flooring I'll recommend you to all my friends and give you 5 star alibaba rating.
Matter of fact... Keepthe car.
My God, if this is true, how wicked man can be.
I count around 1,500 cars in that picture.
Say $10,000 each that's $15m.
Peanuts.
Amateurs.
cheaper to refit with machine guns and sell them at half price to war zones in europe or ME, no?
They look like ISIS cars.
Before or after they blow their cars up ?
wow, that's double whack job, whack the war zones after whacked the insurance.
Duh, everyone knows that takes jet fuel.
why beams not melted..
good observation.. and that event was way hotter than any hydrocarbon and office furniture fire.
yes, but for how long?
Way way way longer than it took for those buildings to fall..
but the good news is that thermite melts steel on command.
You can't calculate yield point of each column without time, temperature, and stress (i.e 1 story and the weight of cars bearing down on that colum). The temperature part of the calculation alone is a bitch because of difficulty in correctly quantifying air exchange (see fire triangle).
There are enough problems with the 9/11 narrative as it is, but when the internet experts (who couldn't buy STEM degrees from the University of Phoenix with Donald Trump's credit card) start posting... they facilitate the maintainers of the status quo painting everyone who speaks out as a fucking loon.
The point is any steel looses it rigidity and strength the higher the temperature, it becomes plastic and deforms easily. Any structure will buckle and bow before it melts, it takes a blast furnace to melt steel. Just look at the structures the cars were supported on they sagged and bowed, they didn't collapse uniformly.
More of the same... It doesn't take a blast furnace to liquefy steel, an ounce of acetylene will liquefy structural steel steel in an open work space with the appropriate amount oxygen mixed in. Moreover there is a very significant distinction between the amount of heat and/or energy, particularly once motion is involved) required to induce failure in a primary column versus failure in the fasteners used to connect members. How the cascade progresses is critical. I have seen more sophistication in BS MSM idiot box graphics than in any publicly available Revit model of the twin towers. Think about that-- 2000 signatories, and no one has released a model to quantify what you are suggesting... There are very good reasons the petition was worded the way it was.
I am a civil and my degree says structural. Spent the last day watching conspiracy videos on youtube. A lot of the videos and other wacky people being interviewd do not match up with their facts, except statements from scientists and engineers. Engineers are starting to speak out about things lately, Silverton?, which really starts to make me question everything going on. Its the geo/civils to pay attention to. And unless the architect is an engineer, they are still an artist.
I see Camp Guantanamo in your future. Please kindly report to Obamaland Offsite at once for your indoctrination and free Obamacare anal probing.
Ummm yes and no fire protection covering either, bare metal.
Yep...had to do it!
https://scontent-lga1-1.xx.fbcdn.net/hphotos-xpf1/v/t1.0-9/11870868_9987...
don't get engineering data from the loose change DVD
Only American steel melts at low temperatures.
"why are those rafters not melted? i thought steel beams turned molten at low temperature."
That only happens if the beams are newly insured against destruction by a Zionist.
Liberty is a demand. Tyranny is submission.
Gee, it's funny how only the Jews do things and everyone else is just a passive spectator. Even in China where there are practically no Jews. It's just amazing I tell ya!!
And not for the first time. The Opium Wars were a Jewish project. Sassoon, an Indian Jew, used a village of Chinese-looking Chinese Jews as his primary agents. Educated Chinese are aware of it, and of the parallels with the tribulations of the West. https://www.radioislam.org/islam/english/jewishp/china/jew-opium-monopoly.htm
They just pulled it!
Or maybe it's the currency war with America that's become hot and quite 'physical'
https://biblicisminstitute.wordpress.com/news-with-views/
This was more likely the tribal bankers getting their revenge on China for recent losses in foreign exchange and related derivatives. We all know how ruthless they are.
This was more likely the tribal bankers getting their revenge on China for recent losses in foreign exchange and related derivatives. We all know how ruthless they are.
That's just insensitive and wasn't too funny, except for the sheer ignorance.
Fuck your Tesla, buddy.
I drive GM... I'm a government supporter.
Thank you for providing two downvote opportunities.
Why would you want to support a government as corrupt as ours?
It's better than most governments, the system seems to work in the US. You downvote me because I'm black and I'm a gold bear. Although I'm neither of these IRL.
I down vote you for being a pussy pretending to be black...and a gold bear.
Better? ;-)
You downvote me because I'm brazilian.
They down vote you because you're a black brazilian bear? I'm confused.
Yea, for being black, brazilian and writing on this forum.
There's a lot of idiots on this site. Try The Economist the people are a lot more intelligent.
Do you think identifying yourself as black automatically grants you some sort of immunity from an objective personality assessment? If so why?
Wait, don't answer that, you'll only end up proving my original point...lol.
There, my lonely up vote just for you, now you somehow "feel better" and everyone else is razzzist, yes? ;-)
Welcome to fight club romario.
signed, Garrincha (not the real one of course).
Thanks, but you don't get to talk about Fight Club in Fight Club
China has an EPA?
Neither does the US.
Yeah we do, it's just always been misspelled. ERA. Environmental Retardation Agency.
No, EPA is right: Environmental Predation Agency.
Their laws are stricter than ours... when they want to enforce them.
What was the real story with this explosion? The PLA not agree with recent moves?
Why do banksters love war?
War is the ULTIMATE consumer!
Hope the were insured for 'Fire & Theft'!
War is a trciky thing. There is usually a winning and a losing side. If both sides get financed someone get bad loans.
While governments may like the idea of wars losing one tends to be bad for staying in office. Only one country, really, the USA has a history of losing and not suffering the direct consequences. There is something to be said for fighting in faraway lands.
When it comes to the average guy on the street, there is never a 'winning side' in war.
Everyone loses, just some more than others.
Take a flying guess at who actually benefits.
Actually, no one wins even if it appears so. The resources and manpower that might have created other positive things in life are gone or used for destruction.
If you can rebuild Berlin, Dresden and Hiroshima after they have been bomber, burned and blasted it means you could have buiilt two of them if they'd been preserved.
Is it time to buy government motors stock?
Kinda drastic but that'll work. Reminds me of Jewish Lightening in an odd sort of way.
I'll bet they just rearrange, paint, all those cars...Then put cheap flat screen monitors in them, with feeds to the markets.
It's for the farmers and knitting grandmothers.
Casino De' Carro in China.
Krugman has Perma Wood
Looks like a zombie movie set.
What? Are we selling Pintos over there now?
Miffed;-)
Well they have plenty of scrap metal now.
I'm sure they will find a way to grind it sufficiently, disguise it as protein and ship it back to us as baby formula.
Ok, I'm suppose to be dry but now that calls for a sip of the good stuff stash.
Miffed
How's it goin, got the tubes out?
Yes, four drainage tubes gone. Mr can no longer call me the Borg. However, I am confined to a walker and the swelling is ungodly. I told him if he beeps as I back up I will (eventually) catch and cane him. I notice he smiles when I do thus again proving men can always retreat into their minds and laugh as we sputter and spin. You certainly get such perverse pleasures in teasing us! I think I don't provide as much entertainment because I ending up laughing myself.
Miffed;-)
Oh shit, you're somewhat mobile again!
Yeah some of us look at it long term and plot, whats in OUR best interest ;-)
Yes, a mature experienced man is comparable to a Chess Master, he is at least 10 moves ahead. Long gone are the days I hear " I guess this means I'm not going to have sex tonight." I must stay sharp or I will be played. But, then again, it is so pleasurable to savor the ambrosia that is placed before you.
Have you partaken in your 30th yet?
Miffed;-)
No not yet, its in October, seems like everything is in that month, our anniversary, my birthday, squires birthday, it's like non-stop till Halloween...lol.
Oh dear, Libra or Scorpio. I dare not guess which.
Miffed;-)
Libra ;-)
Well I heartily pray Squire is one as well for a Libra would be challenged to tame a Scorpio. Beware the stinger. They thrust it in your weakest area when you least expect. Cunning, intense and loyal if you are deemed worthy. Once off the list, you will never regain respect. They easily see deception. A libra son would be far easier.
But I know you are one who would be up for the task. ;-)
Miffed;-)
Ralph Nader is on his way.
Unsafe At Any Port.
Yeah, why else would they have stacked up all those unusable shipping containers into a blast fence. Hope they didn't kill too many people while they were getting rid of those cars.
I knew something fishy was going on when I saw the "Pre-Fire Sale" banners at the dealership last week.
Looks like all the auto glass is gone - melted out? Blown out?l All of it? Been to a number of vehicle fires back in the day, don't remember the glass ever melting out, even when the rest of the vehicle was torched. Must of blown out, possible given the blast itself - sheeh it - but don't see any glass 'on the floor'.
Strange.
But a really great inventory reduction.
Bullish!
Yeah, I have the motivation now. I'm going to go get my chemical process safety book and try calculating the radiant heat from the blast/fires.
Seeing no rubber on the wheels (or in a few spots pools of burnt rubber), glass gone, but with the frames still there, I would assume the cars were heated to 500 C or so. 400C will burn up most non-graphitic carbon, 500-600 is enough for glass to soften and warp (saw this a few times in the lab), but you'd need to get much hotter (1000 C) to fully melt the glass.
I've seen a lot of people question the low death count, and one problem here is, if it got that hot, anyone standing in the area would have died pretty quickly, and then be reduced to ashes. It's going to take a while to figure out which smears of ash used to be a person; a terrible fate.
One computer hack job on America by China $1,000.000.000
One reduced currency on the USD by China $2,000.000.000
One strategically placed 50,000 lb bomb shipped in a shipping container to China from U.S.
Priceless.
Where were the Dancing Mossads?
Liberty is a demand. Tyranny is submission..
X marks the spot, circles are auto channel storage lots
Most of these are described as Renault 'finishing' lots. Not sure exactly what that means - somehow customized for export per each country's environmental regulations or something, I imagine. Of course, it could just be a fancy name for a storage lot, but most do have some kind of large buildings on them. Anyone know?
Great sets of hi-res pics from the Guardian showing the amazing number of cars fried. The pictures themselves are great - the event itself is obviously a great human tragedy. It will take days to dig the bodies out of the migrant worker dormitories that collapsed.
I did a finishing lot for Mercedes Benz in Baltimore a few years back. Basically, US spec radios and certain other options get installed there, as well as locally produced (cheaper) things like floor mats and stuff. The local economy and market decides what happens at the POE. For MB there wasn't much point in having expensive techs from Stuttgart glue moldings to a car when the, ahem, 'locals' in Baltimore can do it for half price.
As far as the human tragedy, yeah... you really think the ChiComs are going to dig them out? They're there working without a residency permit, as far as their government cares, they were never there.
most are Volkswagen Beetle, Tiguan and Touareg...
Is there a possibility that an American or other auto exporter to China was behind this?
There a lot of possible conspiracy theories:
With the Chinese it will be hard to get information because the city will not want to lose face, but I'm looking forward to the technical report when it is published in the chemical engineering journals. Usually large-scale disasters get a good bit of research so future plants/storage can be designed to minimize the risk of repeating such disasters. If it was found to be another company doing it, I'm sure a great deal is going to be published on physical security. If you are the company owner
Amazing the cynicism this site creates after a while. I saw the photos of the charred cars in the article about the explosion, and exacly inventory reduction popped into my head. Sad thing is that it may well be true. I am concluding (very reluctantly) that there are mostly nasty greedy people out there, and that humans are not inherently good.
Signed Pollyanna....
After all the fraud and corruption, that's repeatedly denied as happening when in fact it is, is exposed, there's no wonder that people are cynical.
I really don't trust that I'm getting the truth from anyone anymore.
It's become a 'lie now and lawyer up later' society...
“Inventories of US autos in China” Ha. Ha. Ha. How about “inventories of Chinese’s autos in China”
Nice conspiricy theory, it would have been much easier to recycle the vehicles for all the materials and build models which actually sell than setting them on fire only to have metal left to recycle, with the other materials in their lungs.
will this fire be seasonally adjusted?
Well this might stimulate the econmy better than a fews boys with sling shots.
Clearly the Chinese aren't expecting any automaker union strikes. Used to be that one could tell when GM et. al were expecting a strike because large lots of remote desert outside of Phoenix would become filled with brand new cars.
If those are china brand vehicles............that's the best thing to do with them. Not saying those in the US are all that, as I do own a pretty bad ass Suzuki, but driving down the hiway at a top speed of 70mph in a fucking lego car just don't cut it.
All those broken windows. You know Krugman must have had an orgasm upon hearing the news.
If car inventories are bloated, why aren't car prices falling?
CIA functioning to help American companies to claim insurance?
I've been looking for a late model used vehicle.......
Oooo too soon.
Where is the EPA when you need them - ship them off to China to clean their act up.
Ho Lee Fuk
They are too busy covering their asses on the million gallon of toxic waste dumped into the river. If they needed to get rid of the cars they should have sent them to the USA--seems like in my city every freaking city employee drives a car
This Tyler is correct so far. I think he is saying that it might/must also happen here in the U.S. as well. "Cash for Clunkers"
We had an explosion in Qingdao last year, killed 62. A leaking crude oil pipeline vented explosive vapors into storm sewers. Several blocks of a residential street blew up. No conspiracy or explosives necessary. When you live in the middle of a huge tank farm, this is one of the hazards.
https://www.youtube.com/watch?v=DLfen9rjfvI
various angles of the explosion
The second clip on your link is more interesting.
https://www.youtube.com/watch?v=CORCjv_iw6o
I enjoyed watching that faggoty assed bitch from CNN getting roughed up like that!
I hope they have their carbon credits in order.
A bit of spit and polish and they should come up like new...
That'll buff out.