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Nissan to purchase "a significant minority interest" in General Motors

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Old Jun 30, 2006 | 11:23 PM
  #31  
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Re: Nissan to purchase "a significant minority interest" in General Motors

Originally Posted by Good Ph.D
There is nothing GM could learn from Nissan that would require purchasing them, or vice versa.

If they could get as much mileage out of thier platforms, that would be good. As stated their one RWD platform is everything from 350Z to FX45, Sigma was supposed to be that flexible but doesen't quite make it.
I agree. Camaro is not a direct 350Z competitor, and Nissan's Titan is no Tahoe alternative and Infiniti is a less inspiring brand than Cadillac. I couldn't care less about Nissan's GTR - Corvette is still a more desirable, more appealing sports car, IMO.
Old Jul 1, 2006 | 01:49 AM
  #32  
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Re: Nissan to purchase "a significant minority interest" in General Motors

I am against Nissan buying any GM Stock since I really don't see what GM is going to get out of the deal. Nissan/Renault have more to gain from this than GM does.
Old Jul 1, 2006 | 08:19 AM
  #33  
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Re: Nissan to purchase "a significant minority interest" in General Motors

This, in a word, sucks...

I'll leave it at that. As for the goofball comparing the quality of his 13 year old F body to his wife's new Xterra? Would you mind going back to the lounge, please?
Old Jul 1, 2006 | 12:28 PM
  #34  
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Re: Nissan to purchase "a significant minority interest" in General Motors

Originally Posted by JasonK94Z
Why is it "bad news". GM could use the help. If anything, its bad news for Nissan. I'd hate to see GM take Nissan's quality to the sh*tter. Gm seems to make a really nice piece of crap.
I dunno. I have seen my fair share of sh*tty Nissans. I didn't realize Nissan was known for it's quality.

Last edited by RussStang; Jul 1, 2006 at 12:31 PM.
Old Jul 1, 2006 | 03:05 PM
  #35  
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Re: Nissan to purchase "a significant minority interest" in General Motors

facts and logic > JasonK94z

SSBaby- Guy said the 6th gen camaro, how would that delay the current car?

I am not sure what I think about this... Would have to see how it really benefitted GM..
Old Jul 1, 2006 | 04:40 PM
  #36  
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Re: Nissan to purchase "a significant minority interest" in General Motors

Originally Posted by SSbaby
Is this chassis better than Zeta? Or is it just smaller, therefore, potentially lighter?

Anyway, wouldn't Camaro be delayed if based on a new platform?
Can't say it's better till Zeta actually comes out.

But it does offer a ready made, high volume, modest price, highly capable chassis that's certainly smaller and lighter than Zeta.

But looking at the mileage Ford has gotten out of Volvo and Mazda structures (and the speed they seem to get their variations out), the FM chassis could be a godsend for those of us who want RWD, feel Zeta is a little too big, and a big enough market doesn't exist to spend the cash to create a smaller RWD chassis.

Could be an idea chassis for a 3 series-type Cadillac, a new f-body, an entry level Buick sedan, and a top model Saturn. Best of all, the only thing you'd really have to do is design new bodies to put on it, and engineer it to accept GM powertrains. This would also give Nissan a way to manufacture models in the US, and perhaps a way to get in with GM's large trucks and SUVs (Toyota is making a powerplay for this market).

Beyond things like this, I really don't see any reason for the a merger or a "significant intrest". Especially if Nissan is financially better off than GM, and doesn't have the liabilities GM has, and GM has bought their way into the Asian market via Daewoo and using Holden as the center for the region.
Old Jul 2, 2006 | 07:10 AM
  #37  
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Re: Nissan to purchase "a significant minority interest" in General Motors

Do we really want the best American car company to be part owned by the French? Renault is part owned by the French government (I think 15%). So that would mean that the French goverment would own a portion of an American corporation. Do we really want that?
This whole idea is a joke. Kirkorian is just trying to put money into his own pocket. And if he ruins an American company in the process, oh well.

If this goes down, I will not buy another GM vehicle. I try my best not to give money to foreign companies.
Old Jul 2, 2006 | 07:58 AM
  #38  
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Re: Nissan to purchase "a significant minority interest" in General Motors

The Toronto Star has an analysis of the proposed "merger".

http://www.thestar.com/NASApp/cs/Con...l=969048863851

Basically, he's saying that he thinks that this is Kerkorian trying to get rid of Wagoner so that Gohsn can come in and save GM the way he supposedly saved Nissan.

Last I checked though, Nissan and Renault both aren't doing so well anymore, so I dunno.
Old Jul 2, 2006 | 08:04 AM
  #39  
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Re: Nissan to purchase "a significant minority interest" in General Motors

One of my best friends has a 2004-ish Altima... the car kept stalling. If you hit the gas at all, it instantly stalled, but if you started it and left it idle it'd stall in a few seconds anyway.

He was away from home, and had to have it towed to the dealership for repairs. He knows basically nothing about cars, but they told him they had to replace the throttle body because it was bad.

Anyway, this was about a week ago.

He sees this news a a day or two ago, and emails me and tells me and smug and saying that GM might finally produce a decent car. He hates GM because his old 1997 Grand Prix GTP that he bought new had a starter go bad on him and it left him stranded and had to be towed to the dealership. Sounds familiar, right? NOt that it is excusable for the GTP's starter to go dead... but I can't understand the bias.

I told him those were strong words considering his Altima just pooped out on him and forwarded him his email back. He never responded..... I just don't get it.

He's now considering selling his 2004-ish Altima because he's afraid it'll strand him with his family somewhere.... amazingly enough... his cars of choice are a Murano or.... another Altima.

Anyway, on the subject.... I suppose a minority stake in GM isn't such a big deal. Auto companies seem to own parts of other auto compaies all the time... GM has done it numerous times. I absolutely do not want to see a takeover/merger like the DCX thing though.
Old Jul 2, 2006 | 10:07 AM
  #40  
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Re: Nissan to purchase "a significant minority interest" in General Motors

I like the last thing in the article about Kerkorkian was him saying something to the effect about a positive bump for the stock price. Who is it again that is the 3rd largest shareholder in GM? Ohhhhh, thats right!


This thing reeks of short term $$ for Kerkorkians group, and nothing more.
Old Jul 2, 2006 | 06:20 PM
  #41  
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Re: Nissan to purchase "a significant minority interest" in General Motors

Originally Posted by JB'z 94
SSBaby- Guy said the 6th gen camaro, how would that delay the current car?
Sorry I didn't read that part properly but 5th Gen seems an eternity away... let alone the 6th Gen, which would not even be on the drawing board.
Old Jul 2, 2006 | 06:25 PM
  #42  
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Re: Nissan to purchase "a significant minority interest" in General Motors

GM needs their own Ford family to protect them from this crap.
Old Jul 3, 2006 | 11:46 AM
  #43  
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Re: Nissan to purchase "a significant minority interest" in General Motors

Originally Posted by tls2000
The Toronto Star has an analysis of the proposed "merger".

http://www.thestar.com/NASApp/cs/Con...l=969048863851

Basically, he's saying that he thinks that this is Kerkorian trying to get rid of Wagoner so that Gohsn can come in and save GM the way he supposedly saved Nissan...
I can say without hesitation that getting rid of Rick Wagoner at this stage would virturally destroy GM, and I don't feel that's an understatement.

Wagoner has put a focus on product at GM like never before in GM's history... at least in my lifetime IMHO. He's also been able to fend off the We-want-profits-NOW! crowd on Wall Street, by being steady about building GM's product line and some pretty phenominal quality & design improvements which take years to do. He's gotten labor to all but love GM despite plans to cut 1/3 of their membership (who else could pull THAT off?). And now even the people who were writing GM's obituary 12 months ago are now touting GM's product pipeline.

Anyone, and I do mean anyone that replaces Wagoner is going to come in with a chainsaw and start cutting up everything in sight roughshod. Products, labor, and even divisions. They're going to lose the goodwill and spirit of cooperation with the UAW, they are going to take one look at Chevrolet and Cadillac and wonder why they need a Pontiac and Buick, Holden will lose whatever sliver of independence they still have, they are going to wonder why they need both GMC and Chevrolet selling the same trucks, and wonder why they need anything other than Opel in Europe (especially if Renault and Nissan are part of GM).

Also, after seeing what happened to Chrysler after thier "Merger of Equals" with Daimler, I certainly wouldn't trust any company using any variation of that phrase.

Last edited by guionM; Jul 3, 2006 at 11:52 AM.
Old Jul 3, 2006 | 02:06 PM
  #44  
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Re: Nissan to purchase "a significant minority interest" in General Motors

Simply put, if this deal happens, I will have serious reservations about ever buying a "General Motors" vehicle again.

Sad, because right now, I can't really see myself wanting to buy anything else....especially knowing what is coming....
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