un-dee
I hate your sig!
If a french company buys GM they'll stop giving a little shit about american/other workers, cut about 40.000 jobs and kill 3-5 brands. Saab and Opel wouldnt survive that i guess (even being the most profitable ones).
Ghosn is a smart, clever guy who gets kudos for rescuing one of my favorite car companies, but how the hell are they going to deal with the 11-headed hydra that is one of the most ineptly managed companies on Earth? I doubt he's going to have the same success he did with Nissan, and this is going to give the elitists like Thomas "GM SELLS CRACK LOL" Friedman a ton to blather about how GM's going to die a painful, hilarious death, YAY!jayhawk said:Un-Dee said:If Renault/Nissan really do this they are completely insane. Really.
Thats what people said to Renault in 1999. You and others need to read up on Carlos Ghosen. He took Nissan from BILLIONS in the red to the most profitable car company on the planet.
If this merger happens, it will benefit all; I just cannot see a downside to this.
triumph said:AHHH
I've just pictured a clio with a Z06 engine 8) :lol:
Who ordered a double dose of irony? Just before the Fourth of July two big headlines hit Detroit. First, investor/speculator Kirk Kerkorian touted attempts to get General Motors and Renault/Nissan to discuss an ?alliance.? And the German chairman of DaimlerChrysler, Dieter Zetsche, started appearing as frontman in TV commercials for Chrysler and Dodge.
One is tempted to sing ?three cheers for the red, white and blue,? but those are the colors of the French flag, too. Renault is partially owned by the French government and is, in turn, the dominant partner in the Renault/Nissan duo. The prospect of an ?alliance? (a bad choice of words when talking cars, Renault and America in the same breath) with GM would be daunting except that, as analyst Doug Scott from GFK Automotive told Automotive News, ?...it?s almost science fiction.?
Nonfiction: Kerkorian realized more than $125 million on paper on the immediate bounce of 8.6 percent on GM share values. The only real action was that he released, in public, his own letters to the boards of both Renault/Nissan and GM, proposing that the French and Japanese firms each take a 10 percent stake in the world?s biggest automaker. When both boards replied, in essence, ?Hmmmm,? stock speculators went into a tizzy.
There?s no question Carlos Ghosn, chair of Renault/Nissan, is the industry?s premier turnaround artist, the first guy you?d call if GM was hiring. But GM chair Rick Wagoner, remember, got a vote of confidence this spring. Hiring Ghosn, or even following his model for turnarounds, isn?t the same as merging with Renault.
When his Tracinda Corp. held a big share of Chrysler Corp., Kerkorian was good at generating ?news? that would bounce his stock value upward. But when a real merger took place, it was a shocker negotiated behind closed doors, not orchestrated on the front pages.
Which brings us to Zetsche. He is appearing in ads to emphasize that Chrysler is not a member of a ?struggling Detroit Big Three? but part of a global concern. Point taken. But Ford and GM were pioneers of the whole ?global? approach to the auto business. When Chrysler joined Daimler, the former had no European presence and the latter had no mass-market penetration here.
No such ?synergy? for GM and Renault. The GM group outsells Renault in Europe. And still has the lion?s share (though shrinking) of the American market, which Renault fled. So what?s in it for anyone besides the guy engineering the news?
http://www.autoweek.com/apps/pbcs.dll/article?AID=/20060707/FREE/307070001/1024
Nonfiction: Kerkorian realized more than $125 million on paper on the immediate bounce of 8.6 percent on GM share values. The only real action was that he released, in public, his own letters to the boards of both Renault/Nissan and GM, proposing that the French and Japanese firms each take a 10 percent stake in the world?s biggest automaker. When both boards replied, in essence, ?Hmmmm,? stock speculators went into a tizzy.
When his Tracinda Corp. held a big share of Chrysler Corp., Kerkorian was good at generating ?news? that would bounce his stock value upward. But when a real merger took place, it was a shocker negotiated behind closed doors, not orchestrated on the front pages.
niteriyder said:I don't see why GM and Toyota just cant merge...its makes more sense...two juggernaut automakers joining forces...oh the destruction they would rain over the market would simply be catastrophic !
LS7 powered Supras, and Hrybrid Impalas...i can go on and on
thedguy said:You'd think something like this would happen with Toyota being a major technical partner with GM. Though I don't see any Toyota's taking on pushrod power except in Nascar.
ishigakisensei said:thedguy said:You'd think something like this would happen with Toyota being a major technical partner with GM. Though I don't see any Toyota's taking on pushrod power except in Nascar.
And remember that Toyota's slogan is Moving Forward so they would never resort to horse'n-buggy technology when they are doing fine being innovators. Waggoner knows that he'll be fired if such a merger ever materialized. This deal is all show & no go.
niteriyder said:ishigakisensei said:thedguy said:You'd think something like this would happen with Toyota being a major technical partner with GM. Though I don't see any Toyota's taking on pushrod power except in Nascar.
And remember that Toyota's slogan is Moving Forward so they would never resort to horse'n-buggy technology when they are doing fine being innovators. Waggoner knows that he'll be fired if such a merger ever materialized. This deal is all show & no go.
If "moving forward" is about making cars that give you a sense of what it would feel like to be dead, then I'll pass...
LS1 POWER FOR TEH WIN