|
|
|
|
Joined: Oct 2002
Posts: 1,660
Hard-core CEG\'er
|
OP
Hard-core CEG\'er
Joined: Oct 2002
Posts: 1,660 |
GM board to discuss a "strategic alliance" with Renault/Nissan. Last time something like that happened Chrysler became a subsidiary of a German car company. Now GM may become a French company's b!tch, leaving Ford as the only US-based automaker. linkyScott
Troll! '99 BMW 328i
|
|
|
|
|
Joined: Aug 2000
Posts: 3,193
Hard-core CEG\'er
|
|
Hard-core CEG\'er
Joined: Aug 2000
Posts: 3,193 |
I think the position we're talking about is far from buying out. However, I also think Renault/Nissan would be incredibly stupid to buy into GM.
Brad "Diva": 2004 Mazda 6s 5-door, Volcanic Red
Rex: 1988 Mazda RX-7 Vert, Harbor Blue.
|
|
|
|
|
Joined: Mar 2003
Posts: 7,117
Hard-core CEG'er
|
|
Hard-core CEG'er
Joined: Mar 2003
Posts: 7,117 |
Originally posted by ZoomZoom Diva:
I think the position we're talking about is far from buying out. However, I also think Renault/Nissan would be incredibly stupid to buy into GM.
Not so sure about that:
GM lost $10.6 billion last year. "It has literally been selling the family silver (liquidating assets) to raise cash," David Kudla, CEO of Mainstay Capital Management, said in an e-mail. "This partnership would provide a $3 billion cash infusion along with a potentially rewarding strategic alliance."
Raising 3 billion to a company that is losing 10 billion a year is a drop in the bucket. Only a stop-gap measure to temporarily fend off creditors IMHO. Not looking good for GM, but I don't know what else they can do to turn the bottom line to the black.
Must be that jumbly-wumbly thing happening again.
|
|
|
|
|
|
|
