Quote:
Originally Posted by jamesqf
Alternatively, maybe Aptera would be interested in some factory space at a bargain price :-)
|
Now you're thinking.
The 3 US car makers have lots of underutilized/mismanaged resources. From plants, to engineering, everything has a price. When Rick Wagoner took over GM in 2000, the stock was a $68. Today its trading in the $5 range. Any other CEO in any other industry would have been fired ages ago for that kind of performance. If this doens't convince you that these companies have a management problem first and foremost, nothing will.
On the other hand, Nissan/Renault and VW/Porsche are both looking for way to expand their presence in the US market and they have the cash on hand to do it. If GM or Ford were to be liquidated, the plants, brands, car platforms even engines would be snapped up no no time fast. The $5 of GM stock doesn't reflect the book value of the company. Its worth much more than than. The $5 price reflects the value of its management.
In other news, GM had delayed the release of the Chevy Cruze from 2010 to 2011 for the US market.
http://www.leftlanenews.com/chevrole...ntil-2011.html
It goes on sale in China and Europe in March of 2009.
http://www.huliq.com/3169/72184/chev...zhou-auto-show
Today
Other popular topics in this forum...
