02-29-2012, 10:32 AM
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Moderating Moderator
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Join Date: Oct 2003
Location: Broomfield, Colorado U.S.A
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Wtf?
GM is taking a 7% stake in Puke-jo. I don't get this kind of business decision. GM washes it's hands of SAAB, (a company that has always built better cars the Puke-jo) and then forms an alliance with Peugeot?
Bottom Line - GM and Peugeot to join forces, sources say
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03-01-2012, 04:52 AM
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Location: augusta ks.
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Maybe it was cheap.
By the way, Welcome back Osso.
cliff
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03-01-2012, 05:02 AM
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Location: Brisbane, Australia
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Buy them, choke them, devalue them, isolate them, ignore them, watch them die, bury them.. Sounds like a rational business plan for a massive monolithic corporation with no soul.
Wasn't it the Christians/romans (whoever) who built their churches right ontop of the prevailing cultures sacred sites, keeping but transitioning a few things to placate the masses.
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03-01-2012, 05:48 AM
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Good old GM, once they start making some profits they do something unbelievably STUPID. But, if it fails, they will blame the French unions. Of coure everybody remembers the GM hookup with Fiat, cost them $2.5 billion IIRC. Get the bailout fund ready.
__________________
1991 Alfa Romeo 164L Auto (Silver/Nero)
2012 Fiat Sport Prima Edizione #474 (Grigio/Nero)
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03-01-2012, 06:24 AM
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Location: Columbia SC
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Maybe they want to have a chance at winning LeMans
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Ed Prytherch
79 Spider
85 GTV6 3L
A government big enough to give you everything you want is a government strong enough to take everything you have.
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03-01-2012, 06:29 AM
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Join Date: Dec 2002
Location: Spokane, WA
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 Quote:
Originally Posted by veloce49
Good old GM, once they start making some profits they do something unbelievably STUPID.
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Exactly. This is what happens when you bailout a poorly run, horribly mismanaged company without cleaning house. Sure, there are a few new faces at GM but overall, it's the same people driving that ship that ran it aground in the first place. There should have been a complete wipe-out of upper and middle management as a condition of the bailout. Of course, I'm not sure the government really has any ground to stand on when it comes to teaching proper management techniques.
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- Craig
'78 Sport Sedan, '87 Milano Verde, '09 Toyota Land Cruiser, & '13 VW Golf R
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03-01-2012, 10:53 AM
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Location: Gilroy, CA, USA
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Quote:
Originally Posted by Craig_m67
Buy them, choke them, devalue them, isolate them, ignore them, watch them die, bury them.. Sounds like a rational business plan for a massive monolithic corporation with no soul.
Wasn't it the Christians/romans (whoever) who built their churches right ontop of the prevailing cultures sacred sites, keeping but transitioning a few things to placate the masses.
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I agree, it's a great plan! Kill your competition one by one, under the guise of helping them. I think Fiat is the only one that's escaped in better shape than they went in, right?
bs
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03-01-2012, 10:56 AM
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Quote:
Originally Posted by bshorey
I agree, it's a great plan! Kill your competition one by one, under the guise of helping them. I think Fiat is the only one that's escaped in better shape than they went in, right?
bs
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Yes because of the "put" option they had. I believe it was that GM had to buy the firm (Fiat) or pay a penalty which I believe was $2.5-3 billion USD. I'll try to check it.
__________________
1991 Alfa Romeo 164L Auto (Silver/Nero)
2012 Fiat Sport Prima Edizione #474 (Grigio/Nero)
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03-01-2012, 11:34 AM
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Senior Member
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Join Date: May 2011
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Quote:
Originally Posted by bshorey
I agree, it's a great plan! Kill your competition one by one, under the guise of helping them. I think Fiat is the only one that's escaped in better shape than they went in, right?
bs
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Yes because of the "put" option they had. I believe it was that GM had to buy the firm (Fiat) or pay a penalty which I believe was $2.5-3 billion USD. I'll try to check it.
just checked. The put option was $3 billion but they ended up settling for $500 million, 2004.
__________________
1991 Alfa Romeo 164L Auto (Silver/Nero)
2012 Fiat Sport Prima Edizione #474 (Grigio/Nero)
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03-10-2012, 01:14 PM
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Perhaps its our dear President's plan to sell the entire US to the European Socialists. Somebody's gotta pay for the taxpayers stake to get him out of GM.
Robert
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03-31-2012, 01:51 PM
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Banned
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Join Date: Mar 2012
Location: Argentina
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~~~~~~~~
Oh, that's Great SIR !!
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