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Author Mitsubishi going bust?
James1
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Registered: 23rd Feb 04
Location: North Nottinghamshire: Drives Evolution VIII MR
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29th Apr 04 at 16:18   View User's Profile U2U Member Reply With Quote
Basically im hearing a rumour they are 3billion in debt and if they go bust would it effect the price of my Evo VIII when I come to selling it
Adam
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Registered: 1st May 01
Location: Hurstbourne Tarrant
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29th Apr 04 at 16:19   View User's Profile U2U Member Reply With Quote
Very very much doubt it
James1
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Registered: 23rd Feb 04
Location: North Nottinghamshire: Drives Evolution VIII MR
User status: Offline
29th Apr 04 at 16:20   View User's Profile U2U Member Reply With Quote
Well General Motors (the americunts) aint bailing them out and they carn't keep making a loss before the banks act.
Or are you refering to it making no difference to the car value?
Marc
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Registered: 11th Aug 02
Location: York
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29th Apr 04 at 16:21   View User's Profile U2U Member Reply With Quote
Its true.
James1
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Registered: 23rd Feb 04
Location: North Nottinghamshire: Drives Evolution VIII MR
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29th Apr 04 at 16:23   View User's Profile U2U Member Reply With Quote
Basically what I need to know will it effect the value of my car and if so by how much are we talking £10,000 being wiped straight off or a grand at most?
Corsa_Jam
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Registered: 12th Oct 01
Location: Leics. Drives Saxo VTS
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29th Apr 04 at 16:24   View User's Profile U2U Member Reply With Quote
if 10,000 comes off your car ill be the first to buy it
James1
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Registered: 23rd Feb 04
Location: North Nottinghamshire: Drives Evolution VIII MR
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29th Apr 04 at 16:28   View User's Profile U2U Member Reply With Quote
Still be about £21,000 worth, Its just im hearing that when a company goes bust there products value crashes.
Just I carn't be doing with another massive hit my finances carn't take it after I demolised a porsche and the insurance cunts screaming for cash
nik
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Registered: 19th Jun 00
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29th Apr 04 at 16:29   View User's Profile U2U Member Reply With Quote
the values won't drop at all, more likely hold more because the car will become VERY rare. Doubt they will go bust to be honest either
Corsa_Jam
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Registered: 12th Oct 01
Location: Leics. Drives Saxo VTS
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29th Apr 04 at 16:30   View User's Profile U2U Member Reply With Quote
I cnt see it happening. That other company will bail them out, but they will carry on under the bishi name, can see why it would drop in value.
mike16v
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Registered: 20th May 02
Location: sheffield, yorkshire
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29th Apr 04 at 16:47   View User's Profile U2U Member Reply With Quote
ye surely if they stopped selling them its value wud hold as said because they will be very sort after
Adam
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Registered: 1st May 01
Location: Hurstbourne Tarrant
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29th Apr 04 at 16:48   View User's Profile U2U Member Reply With Quote
and so are parts after a short period of time!!!
Ian
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Registered: 28th Aug 99
Location: Liverpool
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29th Apr 04 at 17:29   View Garage View User's Profile U2U Member Reply With Quote
If anything, used values will go up if you can't buy new ones.

Parts won't become scarce - there's an excellent business opportunity in buying all the tooling and becoming an unofficial supplier for spares.

[Edited on 29-04-2004 by Ian]
Demo
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Registered: 27th Sep 01
Location: south wales Drives: astra sri ecoflex
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29th Apr 04 at 22:38   View User's Profile U2U Member Reply With Quote
my best mate is a mitsi main dealer chimp (mechanic) and i spoke to him about this earlier. he has known about it for a few months now but does not know anymore than what has been said on this thread

 
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