tag:blogger.com,1999:blog-11180223.post9175850655842128990..comments2023-03-24T12:22:36.624+00:00Comments on Steel Strip World: Insurers pull cover from GM and Ford suppliersAnonymoushttp://www.blogger.com/profile/06149730988784154763noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-11180223.post-6403711313880715542008-11-14T14:48:00.000+00:002008-11-14T14:48:00.000+00:00Industry has come up against a brick wall recently...Industry has come up against a brick wall recently when applying to increase cover due to spiraling cost of raw material. Credit insurers have failed to underwrite new cover or increase limits for the last few months. This alarming news does not bode well for industry in general as world economies revolve around automotive sector and the ability of countries to produce and market something consumers want to buy - not financial institutes as one as been led to believe by the latest round of media scaremongering.<BR/><BR/>Economies will not be buoyant whilst speculators are playing with at best monopoly money and at worst thin air.<BR/><BR/>The belief in the U.K. that the financial institutes were the bedrock of the economy as now proven to be an ill found illusion<BR/><BR/>The growth in the emerging economies is as been as a result of growth in industry. IMF is now at the behest of such economies to shore up its funds.Oscar C4 Ovacikhttps://www.blogger.com/profile/07186689678809475770noreply@blogger.com