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Experts: Kerkorian may take control of GM-(then give it to the French control, how poetic)
ap ^ | 6/5/06 | TOM KRISHER, Associated Press Writer

Posted on 07/05/2006 7:39:54 PM PDT by Flavius

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To: Flavius

Kirk Kerkorian is, according to the sources, 87 years of age. Whatever it is he has planned to do he'd best do it fast ~ before he forgets it for one thing ~ and so he can enjoy it a couple of years.


21 posted on 07/05/2006 8:25:21 PM PDT by muawiyah (-)
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To: Flavius

GM's interests haven't been America's interests for a very long time. Who cares how this ends.


22 posted on 07/05/2006 8:25:22 PM PDT by gotribe (It's not a religion.)
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To: aynrandfreak

its overblown - their pension problem will be solved as the retirees die off. yes, it will take time, but it will happen.

if this deal goes through - GM is gone.


23 posted on 07/05/2006 8:26:55 PM PDT by oceanview
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To: gotribe

nonsense. they are a great american company - a company that actually makes things, as opposed to companies that just provide services, or retail sales, or swap bonds another paper assets. they are a company that provide lots of good middle class private sector jobs for american workers.


24 posted on 07/05/2006 8:28:56 PM PDT by oceanview
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To: Flavius

The French are really going to have the corner on the automobile business - they already own B.F. Goodrich and Uniroyal as well as Michelin, control "Car and Driver" and "Road and Track" magazines, and just for good measure, have majority interest in Motel6......


25 posted on 07/05/2006 8:47:27 PM PDT by Intolerant in NJ
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To: Intolerant in NJ

yet their cars are c.p and with gm in the mix, toyota should take over the world


26 posted on 07/05/2006 8:55:38 PM PDT by Flavius (Qui desiderat pacem, praeparet bellum)
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To: Flavius

Billy Durant. GM was founded by a gambler. Got thrown off the board, started an independent automaker named after a Frenchman (Chevrolet) and used that company to leverage his way back into GM.
In my opinion, the best outcome for the US, GM and the auto industry as a whole is a chapter 11 Bk, reorganization, stop returning phone calls from the unions and start building cars.


27 posted on 07/05/2006 9:01:11 PM PDT by When do we get liberated? ((Multi-culturism, go for a dirt nap. If you cant stand behind our troops, stand in front of them.)
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To: When do we get liberated?

well i would just add one thing , remove all the people responsible for current car designs

all of them


28 posted on 07/05/2006 9:02:13 PM PDT by Flavius (Qui desiderat pacem, praeparet bellum)
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To: Flavius

Being a GM employee at the blue collar level pays far better than even French welfare.


29 posted on 07/05/2006 9:03:25 PM PDT by When do we get liberated? ((Multi-culturism, go for a dirt nap. If you cant stand behind our troops, stand in front of them.)
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To: When do we get liberated?

yes now it does, but once they 'streamline' that so it looks more like an mexican ran operation that french welfare will be a dream


30 posted on 07/05/2006 9:06:32 PM PDT by Flavius (Qui desiderat pacem, praeparet bellum)
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To: ConservativeMind

GM, as mucked up as it is, remains an industrial powerhouse. Just needs to relieve itself of pensions, healthcare and lifetime union wages.


31 posted on 07/05/2006 9:07:14 PM PDT by When do we get liberated? ((Multi-culturism, go for a dirt nap. If you cant stand behind our troops, stand in front of them.)
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To: Flavius
Here's what a Chevrolet Matiz looks like in France. Still, I suppose Monsieur Chevrolet was a Frenchman! :D Image Hosted by ImageShack.us
32 posted on 07/06/2006 3:17:20 AM PDT by Vectorian
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To: nicollo
"Ghosn is for real. And ambitious."

Frankly, I'd rather have Mark Fields (in charge of Ford's turnaround plan) rather than Ghosn. Ghosn did a good job in making Nissan profitable, but their sales are faltering badly now (worldwide they took a nosedive bigger than GM last month).

Fields turned around Mazda and Ford of Europe. If you remember a few years back, Mazda was bleeding cash and sales, and Ford of Europe was the real dog dragging down profits. Now Mazda's sales are soaring worldwide and Ford of Europe is doing well..... and they continue to do well even after he left. Mazda's biggest sellers are in the last year or two before being due for a redesign/facelift and their sales are still increasing. That's not very common.

Nissan can't even sell a 4 cylinder Altima anymore because of oil burn and fire problems
33 posted on 07/07/2006 6:18:32 AM PDT by eraser2005
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To: oceanview

The pension problem is overblown, IMO - the health care problem is not. Underfunded health care benefits for retirees dwarf the pension underfunding at GM and Ford (think 3 to 1). The pension underfunding could be solved overnight as both companies have more than enough cash on hand to eliminate the underfunding (though that might create other cash flow problems). Heck, last year Ford eliminated quite a large chunk of their underfunding even while losing money. And that's not counting pension changes pushed through this year which reduce future benefits (ie, make the gap smaller). Exxon made a fortune and hardly put a dent in theirs.


34 posted on 07/07/2006 6:26:39 AM PDT by eraser2005
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To: Vectorian

Actually Louis Chevrolet was Swiss.
And he is buried in a Catholic cemetary here in Indianapolis.


35 posted on 07/07/2006 11:46:34 AM PDT by nascarnation
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To: aynrandfreak

I believe the GM PENSION is overfunded.
OPEB is a whole other story though


36 posted on 07/07/2006 11:47:51 AM PDT by nascarnation
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