Then they'll surrender to Daimler-Benz-Chrysler.
Who would want to acquire their pension problem?
Goodbye GM.
If I bought 60% of GM I could own it too.
No one to blame but us.
Someday, perhaps soon, someone will get the idea of:
a) building cars that people want to buy, AND
b) doing it with a sound business model
Guilting us with "buy American" just isn't working (*sob*). Until then, they can all suck their thumbs and die for all I care.
Remember the Renault "Alliance"? It was a bastard product of Renault's 5% stake in AMC in 1979 (and a true bastard at that...). Renault execs ran the company, and by '83 AMC was a majority owner. Btw, a core motivation for the Renault investment was U.S. government restrictions on "American" content on auto sales, designed to protect labor.
Didn't end happily for AMC. After a bizarre series of events, from U.S. security concerns over Army contracts to the assassination of the Renault Chairman by whacked, commie terrorists, Renault soldout to Chrylser in 1987.
But things might be different now: Ghosn is for real. And ambitious.
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.
GM's interests haven't been America's interests for a very long time. Who cares how this ends.
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......