Subject: Opinion: GM still doesn't get it; scuttles alliance talks with Renault, Nissan Author: bcweir : member since January, 2006 : 4658 posts Posted on: 2006-10-05 03:45:20

Reports that GM scuttled a potential alliance with Renault and Nissan after being rebuffed for a cash settlement as an incentive to join Renault and Nissan. GM claimed they wanted a cash incentive from Renault-Nissan because GM negotiators thought that Renault and Nissan would benefit more from the alliance than GM would, and that the alliance would preclude GM from allying itself with other companies.

As a result, GM's stock price FELL while Nissan's JUMPED! Hello? Since when is GM in a position to dictate a BRIBE from Renault-Nissan to pull its fat, sinking hide out of the hole? GM lost ten billion dollars last year (Renault and Nissan are dealing with falling sales but have growing market share at the expense of GM), and had to bribe thousands of its autoworkers to leave the company early. Does this sound like a company that can afford to turn away helping hands by requesting that they offer GM money to hook up with them?

I'm starting to wonder if GM should start drug testing their executives. They're clearly not dealing with reality. Seems to me that the GM executives would rather go down with the ship than learn something from companies who are obviously doing something right in the marketplace by making money.



Yes, it's a 1988 750il. Don't make me open this to prove it...Death to censorship! Give me liberty or... give me an unlimited tab at the BMW parts counter! Last 7 digits of VIN number are 2765157'

• Opinion: GM still doesn't get it; scuttles alliance talks with Renault, Nissan - bcweir 2006-10-05 03:45:20 (199 views)
  • Well, if renault really wanted GM, they could buy it cash - FrancoisP 2007-01-01 18:12:42 (132 views)
  • Heh.... Good Ol' Generous Motors... - manta69 2006-10-16 13:37:05 (153 views)
    • The LT-1 was 10 yrs. ago. How 'bout that LS-6 or 7? (nt) - htrdbmr 2006-10-16 14:14:25 (164 views)
      • Re: The LT-1 was 10 yrs. ago. How 'bout that LS-6 or 7? - shadetree/pete 2006-11-01 09:10:16 (123 views)
      • Re: The LT-1 was 10 yrs. ago. How 'bout that LS-6 or 7? - manta69 2006-10-16 17:20:57 (173 views)
        • Pushrods vs ohc - htrdbmr 2006-10-18 08:27:55 (155 views)
          • Re: Pushrods vs ohc - manta69 2006-10-26 12:01:28 (119 views)
            • Take a closer look- - htrdbmr 2006-10-26 23:35:52 (136 views)
              • Yes... Alot Of Details - manta69 2006-10-27 10:57:19 (110 views)
        • GM is killing my state - plbowler 2006-10-16 22:03:27 (127 views)
          • Be sure you give government due credit as well! (nt) - 740ipilot 2006-10-16 23:34:30 (159 views)
            • that's who I meant by 'we', but people bought the cars too soo... (nt) - plbowler 2006-10-17 08:00:34 (176 views)
            • Will Bush win the next election? I was surprised he got through last time. (nt) - Nick (Australia) 2006-10-17 01:57:07 (155 views)
              • he can't run again, you only get 2 terms - plbowler 2006-10-17 08:02:24 (123 views)
                • Only two terms? Our prime minister (different form of government here) - Nick (Australia) 2006-10-17 20:53:04 (153 views)
                  • The US Constitution was amended in the 1940's to limit the president to two - 740ipilot 2006-10-18 13:05:12 (233 views)
                    • Kerry never struck me as Arrogant or eliteist - plbowler 2006-10-18 18:28:01 (160 views)
                      • Perhaps your distaste for Bush clouded your judgment. :-) - 740ipilot 2006-10-18 23:16:43 (137 views)
                        • wouldn't have been worse - plbowler 2006-10-19 00:02:35 (144 views)
                          • Very definately COULD have been worse - 740ipilot 2006-10-19 02:08:55 (121 views)
                            • PS, I don't wanna hear how anyone thinks the economy is humming along - plbowler 2006-10-20 23:36:46 (127 views)
                            • I very specifically did NOT say Kerry would have been better - plbowler 2006-10-20 23:34:20 (140 views)
                              • I'm sorry to hear of your situation. Even in the greatest of economies, some - 740ipilot 2006-10-31 11:15:52 (133 views)
                • What kind of electorate would elect a man named Devos to run the state... - bcweir 2006-10-17 14:35:13 (166 views)
                  • Re: What kind of electorate would elect a man named Devos to run the state... - hvacdude 2006-11-02 06:47:50 (132 views)
                  • Is Nagin a better name? (nt) - 740ipilot 2006-10-18 12:26:40 (144 views)
                    • Nagin doesn't sound as sinister as Devos. (nt) - bcweir 2006-10-18 13:48:53 (152 views)
                      • Nagin' is what my wife does best, Devo made a song called 'Whip It' - 740ipilot 2006-10-18 17:39:19 (146 views)
                  • look familiar? (pic) - plbowler 2006-10-17 16:09:57 (185 views)
                • Re: he can't run again, you only get 2 terms - manta69 2006-10-17 13:45:37 (137 views)
                  • A historical perspective... - 740ipilot 2006-10-18 23:08:15 (150 views)
                    • I agree with your assessment of great leaders. - bcweir 2006-10-19 00:10:08 (154 views)
                      • Even Washington was called a crook, and a tyrant who abused his position - 740ipilot 2006-10-19 02:13:33 (148 views)
                  • Apparently, Bush isn't worth the cost of the bullet. (nt) - bcweir 2006-10-17 14:34:15 (143 views)
                    • And as a former law enforcement agent, you realize this thread is nearing a line - 740ipilot 2006-10-18 12:29:07 (168 views)
                      • No threat against the President. Not from me anyway. - bcweir 2006-10-18 13:56:55 (135 views)
                        • I said it was nearing a line, not that it had been crossed...yet - 740ipilot 2006-10-18 17:42:48 (139 views)
                          • Actually manta69 was talking about assassination attempts (or lack of). - bcweir 2006-10-18 17:45:22 (125 views)
                            • ARRGGG! I just stated that I was concerned about where the post was GOING - 740ipilot 2006-10-18 17:49:26 (146 views)
                              • Not To Worry Pilot... - manta69 2006-10-19 23:01:36 (133 views)
                              • HAAA!, I had a post about this dicussion making me uncomfotable - plbowler 2006-10-18 18:25:24 (128 views)