4,000 Hyundais and Kias at the bottom of the Pacific

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Old May 24, 2004 | 12:12 AM
  #16  
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Origami posted by philioWRXman
With the Volvo incident, some people went down and removed them from the water. All they needed was a little bit of repair and then they were sold cheap.
I think it will take more than just a little work to make them salvageable. They are in the ocean at a depth that will allow the sea water to penetrate even into the engine crankcases, not to mention the foam seat cushions and all of the electricals.

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Old May 24, 2004 | 01:10 AM
  #17  
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My father is in insurance, and big things like this REALLY affect the insurance company, my dad didnt get his profit share money this year because of the fires in southern california destroying so much stuff
Old May 24, 2004 | 11:04 AM
  #19  
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Originally Posted by philioWRXman
With the Volvo incident, some people went down and removed them from the water. All they needed was a little bit of repair and then they were sold cheap.

Thats not true. They removed the ship because it was in a main shipping lane. The cars were not repaired or resold, they are scrap metal.
Old May 24, 2004 | 11:47 AM
  #20  
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More on incident involving ship carrying Volvo, BMW, and Saab vehicles.

Volvo's UK products services manager, John Rawlings, said: "You can't possibly get a car back into a fit state once it's been in salt water. We have to think of the effect on our prestige image of selling these things."

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Old May 24, 2004 | 12:40 PM
  #21  
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People may mention the stock of haundai going down when if you think about it with the insurance $$ they will be recieving from this incident it will basically increase production, those 4k cars may have been sold over a 3-4 month period now they were "SOLD" in one day, those stocks will rise as soon as this mess is all taken care of.
Old May 24, 2004 | 05:28 PM
  #22  
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Hey, atleast they werent Subies!

-Ted
Old May 24, 2004 | 06:21 PM
  #23  
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hey, Kia engines are pretty solid. I'd love to have a Kia 2.0l block for my Miata.
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