quote:Renault bought a 45% stake into Nissan when they were on the ropes a few years. Turned the company around and made it profitable. So I guess the answer would be to make money. GM needs to break the unions and the high union cost labor back down to what is truly market for the jobs they perform. Car manufactuering is so automated that what little hands on that is being performed is semi-skilled at best and does not command the wages in the rest of the real world in the USA. Hootbro [ July 01, 2006, 12:24 AM: Message edited by: Hootbro ]
Originally posted by Gilitar: Why on earth would Renault/Nissan want to buy into the pile of garbage that we call GM? What does Nissan really need from GM? Maybe it's more for the GM unit in Europe. .....
quote:Brokered allowance. There's something that would cost more if GM doesn't get a helping hand. On some tertiary level this is being "managed".
Originally posted by Gilitar: Why on earth would Renault/Nissan want to buy into the pile of garbage that we call GM? What does Nissan really need from GM? Maybe it's more for the GM unit in Europe. It is however just a matter of time before both GM and Ford are owned by other companies.
quote:If things got desperate, we would see a government bailout similar to Chrysler's financial mess in the 1980s. Another poster mentioned busting the unions. Ever wonder how your present job evolved into a middle-class income? You need to thank the auto unions for your nice wages today. Many-many middle class industries that may seem unrelated to the auto business-employee are really a spin-off of it. There will come a percentage point of midlle class job losses that sends our economy reeling uncontolably - out of control. When that happens, then we become vulnerable to losing our soverenity. We are very slowly moving in that direction -- possibly someday rendering our soverenity to the rising economies of the European Union. Maybe you want our USA Flag to someday be in a small corner of the European flag -- but I sure don't. We need to hang on to our middle class. Let the government help -- insist that the foreign automakers manufacture on our soil - to sell there products here.
QUOTE]Don't kid yourself. GM is a sinking ship and they know that they need help ASAP.