Posted on 06/13/2006 10:07:29 AM PDT by sergey1973
PRAGUE, June 12, 2006 (RFE/RL) -- When it was formed in 2001, the General Motors-AvtoVAZ joint venture was considered a major step toward economic revival in postcommunist Russia. The marriage of the American and Russian automotive giants has for the most part been successful.
But cracks in the relationship emerged after AvtoVAZ was taken over by the Russian state last year. Now, with General Motors expected to announce on June 13 the construction of its own independent assembly plant, some are wondering if the partnership is meant to last.
(Excerpt) Read more at rferl.org ...
This historic partnership seems like the beginning of a partnership - one based upon principles of competition and mutual benefit...emphasis on mutual.
GM cannot push its bloated self around any more. The sooner they realize it the better.
Ping.
Naive utopian business leaders stupidly believe that because they have been allowed to do business in certain places, that those places have undergone true transformations to capitalism. It's easy to fall for it ... you see the Mickey D's, the Starbucks, the fancy new hotels, the new stores, etc. But at the end of the day, on a moment's notice, the government can step in and screw you, and it only then that you realize that things really aren't all that different for you than they were for Armand Hammer.
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