Is there any good that can come from Nissan buying into GM?

The best I can think of is shoving an LS3 in a Z350 reskinned to vette like shape and go to Pontiac as either a Firebird or a Banshee. But as cool as I think that would be the market for that is shrinking isnt it?

It wouldnt let GM into Japaneese markets unless it were GM buying into Nissan not vice versa would it?

The cash would be nice but is it worth Kirk Kerkorian plan to close Saab and Hummer? With Nissan and Renault on the board wouldnt that be one step closer to reality?

Or am I totally off?


NISSAN STATEMENT
The Renault-Nissan Alliance is an open partnership, which has never been restricted to two partners. Under the right circumstances and with the appropriate partners, the Alliance could be expanded further. Such an expansion would only be considered by the Alliance if it were executed in the full spirit of the Alliance, which is founded on trust, transparency, performance and the full respect for individual corporate and brand identity.

http://www.autoblog.com/2006/06/30/nissan-responds-to-gm-alliance-talk/

Toyota would remain #2 in world sales:p

Nothing good can come of it, IMO. Total waste of time & money. Kevorkian would get a nice temporary stock price spike so he could sell out, then the carnage and chaos would last for years to follow.

Other than sharing production space to save money, there is nothing that Nissan has that GM doesn't or would want.

No!:barf:

Could Nissan's non-union plants be used to build some of GM's future product? That's the only benefit I could see for GM.

Could Nissan's non-union plants be used to build some of GM's future product? That's the only benefit I could see for GM.

I dont know. I thought GM was working a deal with Oshawa to build the Camaro there for a while. If that went through it couldnt be built anywhere else legally could it? There are probably other deals like that around. GM is changing some of its plants to Flex plants and I dont know how Nissan's are. Obviously they dont make the same cars or trucks. Im sure it could happen down the road...

This is an abomination, dispicable, disgusting! Good.........yeah good for nison, bad for gm. Wait I feel something......coming.....:barf: I tought that would make me feel better but nope didn't help any.

Interesting

DETROIT -- It's been said that what's good for General Motors is good for the country. But with a proposal now on the table to link the world's largest automaker with Japan's Nissan and France's Renault, the question arises: which country?

Billionaire Kirk Kerkorian, who owns 9.9 percent of GM's shares, is proposing that Renault SA and Nissan Motor Co. each buy stakes in General Motors Corp. and add the American industrial icon to their existing alliance. On Friday, GM's board of directors voted to pursue "exploratory discussions" with Renault and Nissan.

The idea of foreign companies exerting control over GM doesn't sit well with some U.S. politicians, union leaders and admirers of the company. Their discomfort is compounded by the fact that the French state holds 15 percent of Renault.

"I'm in favor of Michigan winning. I'm in favor of jobs coming here and the concern is, that if it's controlled by businesses on another continent or other continents, that we may end up on the losing end," Gov. Jennifer Granholm told reporters Wednesday in Lansing. "I don't know that to be the fact. Maybe it will make us stronger. But that's certainly my concern."

GM was founded in 1908 by Flint businessman William Durant, who built the company through a series of acquisitions, beginning with the Buick Motor Co. and Olds Motor Works. Later, legendary chairman Alfred P. Sloan pioneered many fundamental ideas of modern corporate management and marketing.

During World War II, GM converted all of its production to the war effort, turning out planes, trucks, tanks, guns, shells and other military equipment.

In 1953, President Eisenhower named GM head Charles E. Wilson secretary of defense. At his Senate confirmation hearing, Wilson was asked about whether his loyalty to the automaker could create a possible conflict of interest. "I cannot conceive of one because for years I thought that what was good for our country was good for General Motors, and vice versa," he answered. A simplified version of the quote became ingrained in the nation's collective memory.

Early on, GM had a global presence, establishing an export division in 1911 and a plant in Argentina in 1925.

David L. Lewis, a former GM speechwriter and a professor of business history at the University of Michigan, recalled the pride he felt working for the company from 1959 to 1965.

"General Motors was at one time not only No. 1, but in such a big way. It was Gulliver among the Lilliputians," Lewis said. "People used to say all the time that something else would be 'the General Motors of.' It was a yardstick."

Lewis said he was saddened by the prospect of a tie-up, though he acknowledged it might not be bad for the company and its shareholders.

United Auto Workers President Ron Gettelfinger said the idea would be bad news for workers. "We're seeing a further erosion of good jobs in the country should this come about," he told WJR-AM on Friday.

But Jim Graham, president of UAW Local 1112 in Lordstown, Ohio, said he was trying to take a pragmatic view.

"In the global market that we've been thrust into I guess the more alliances you have the better off you are," he said.

But on the emotional level, Graham, who represents workers at a plant that makes the Chevrolet Cobalt, said the idea was hard to accept after years of urging people to buy American.

Beyond symbolism, it probably doesn't make much difference what country GM's owners are from, said Charles Ballard, an economics professor at Michigan State University.

If sacrificing an all-American identity could help restore GM's financial health, "which would you rather have? Which is better for GM workers and GM stockholders?" Ballard said.

Asked to respond to concerns about foreign ownership, U.S. Senator Carl Levin said Thursday: "We own a British car company, don't we? Doesn't Ford own Jaguar? Who owns Chrysler?"

But Levin told reporters in Southfield that he lacked information to comment directly on the proposal.

Chrysler Corp.'s 1998 marriage with Daimler-Benz AG was billed as a merger of equals, but critics say the German company simply swallowed the American one.

If something similar were to happen to GM, Ford Motor Co. could claim the title of only remaining U.S. automaker.

Currently both companies trumpet their American identity in advertising, for example, with the Chevrolet slogan "An American Revolution."

Ballard said GM would want to do some careful market research on consumer reaction to an alliance before charging ahead. But he added: "At some level, everybody knows that all these companies are international."

Ever heard the term " The Big Three"? How about "The Big Two"? What about "The Big One"? I'm sure Ford is loving this steaming pile of **** being rammed down our throats, thanks to the constant brainwashing of the American people by our enemies. They brought down dodge now their bringing down GM! I never thought I would see this day. Or that the American people could be so foolish, to let such a great national treasure slip away to save a few bucks. I suppose once the french take over, gm won't be converting any production to aid our military efforts, like they once did. :usa: Bye, Bye. It's been real :alert: Hey I get the globalization thing. I'm not but hurt by gm building stuff outside the country, or using some honda engines ( I don't like it but I understand). But don't get in bed with the french. I can't even believe this is being discussed! I feel like my whole world is being turned upside down, not like I didn't have enough **** in my life right now.:rolleyes: These bastards stab US in the ******* back and what do they get??????? The greatest American treasure there is.......GM! What a bunch of dumb asses we must look like to the world!

Interesting

Yeah Chrysler was bought by Mercedes, however their alternative was death. They had the Viper, Their truck line and the minivans that werent reliable. I dont think there was anything on the horizon either... Mercedes one of Germanys best did them a favor and gave them platforms and technology. They not only turned the company around they made it a contender.

In contrast GM has Zeta and the whole line of future products right around the corner. Full size trucks and SUV's are best in the business, and GM dominates South america and Buick dominates in China. GM is hurting from major mismanagement from bad business decisions that were about to get more of if Kerokian has any say. GM is not the floundering company that Chrysler was. If GM were buying into Nissan Id say God bless, but its not.

If this is a Global economy that means we can go into France and Japan to collect taxes from Renault and Nissan right? ;)