I know everyone has been on the edge of their seat waiting to hear my response to the GM/Nissan "Alliance" deal being talked about.
I really don't have much to say other than it's a horrible deal and should GM go through with it there will be no more GM within months of the deal closing.
All I need to do is reference Chrysler and Daimler on this. Chrysler no longer exists except in a vehicle line name. It was suppose to be a "merger" but within months of the deal closing Chrylser was dismembered and Daimler took over.
This is bad ... bad, bad, bad. It should not happen. This all has come about because Kerkorian wants to make more money (he owns a hefty share of GM stock) and being the selfish asshole that he is this is one way he can make money and make GM pay for the past lost attempts by him to bring GM down.
This article has a lot of links to other stories about the same topic. This is hot news around here and will be for months to come. Everyone will be keeping a close eye on what is happening with this because a deal would change the entire landscape of the auto industry. It will have effects far and wide, bad effects.
Posted by Quality Weenie at July 11, 2006 07:27 AM | TrackBack