Watching CNBC today as I do every day,there was a rumor that GM and Ford "maybe considering a merger" since the Gm /Nissan merger fell thru.Of course the GM ceo sed there were no such talks,but most mergers or the possibility of one are always denied by the head honchos until they happen.

It makes sense if GM/Ford want to protect their workers and their market share.It would be the last stand of the American auto makers in order to compete w/ the asian market.

I guess we'll all stay tuned...What do you guys/gals think?

 

I think you said it right there.

It's not a "right" for the big three to exsist, they have to work for it. I don't know about you but I'm not going to buy a junk American car for more money than a decent forien car. The big three need to figure out how to make good, appealing vehicles cheaply. If they can't do that than they will sink. One at a time or all three at once.

 

Reuters…..
This morning at a news conference in Canada it was announced that Ford and GM have signed a merger agreement. The new company will be called "El Grande Automotive" with vehicles to be produced in Guatemala.

 

Dr. Franko

You as I are entitled to our opinions,but the interview I saw was real as opposed to your little snippet.What is sad is that if what I saw came to fruition,the new company would have the right to deny pensions/health care to employee's that have spent their life working for them.Unfortunately thats the only way they would be able to compete w/ the younger workforce employed by asian auto makers,including those working in toyota/nissan factorys here in the US.
In addition to that,if the taxpayers dollars were needed to bailout the us auto makers,there wont be 2 auto makers competing for the same gov't dollar.Kinda like the US based airlines.

Welcome to the new world order,aka the WTO

 

Don't you get it? We are becoming nothing more than global slaves to the monolithic corporate entity.

 

i have had dealing with Toyota over that last year and have had many of lunched ans shoot the chit seccions with my Japanese contact.

IN his words, Ford makes a good truck, very comparible to Toyotas product, but the unions are killing them.

If i ran GM of Ford today, i would offer a buy out to current union employees, renegotiate with the remaining union worker and then announce that all new hires will have a restructed benefits and pay package. bring in retirement planner to show how investing your money regularly will provide a good retirement. offer an empoyee match program to stimulate retirement savings.
for what they pay in benefits i would build and staff a free clinic and then offer a major medical group plan that the empoyees had to pay for.

i see zero benefit to a gm - ford merger as they both have the same problems.

i would put toghter a marketing program showing just how much money Ford and GM pump into the US economy and the benfits of being american made products. I would also show how much money toyota and honda take out of this country and I would show what the average retired worker lived like as opposed to a retired Honda worker. Nobody like anyone that craps on gramdma and grandpa and a company that takes care of it own still means alot to the average American, especially middle america.

If Toyata can build tucks in Texas why cant Ford or Chevy? I can see this coming from a mile away, Toyota knows it cost them more to build in Texas, yet they are employing 5k to 6k people and giving work to people like me. come time to buy a new truck, people that would never buy foreign are going to say, "they employee Americans, Ford send it all to Mexico, so i am not buying foreign, i am helping to employ 6000 Americans".

Art of war - destroy the enemy from within