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Old 29-09-2012, 11:59 AM   #1
Jason[98.EL]
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Angry CMI to close

After the new buyer pulls out of the deal CMI will close by the end of the year

http://wap.news.bigpond.com/articles...+factory+shuts

Not good news

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Old 29-09-2012, 12:56 PM   #2
mik
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Default Re: CMI to close

another nail in the coffin of manufacturing, sad indeed.
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Old 29-09-2012, 02:06 PM   #3
jpd80
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Default Re: CMI to close

Also sounds like Dana has contingency plan in place to get suspension components from elsewhere..
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Old 29-09-2012, 02:07 PM   #4
Franco Cozzo
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Default Re: CMI to close

If you work in auto manufacturing like me I'd be looking at skilling up now and planning your move to another industry.
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Old 30-09-2012, 09:38 PM   #5
GCRXR6
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Default Re: CMI to close

"CMI is a components manufacturer for the automotive, whitegoods, transportation and water storage industries"

So, out of the industries they manufacture for, Ford must have been their only real customer? What about the other customers? They must have been on the brink for ages.
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