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AUTOS' COMMENTS & OPINIONS WORLDWIDE
* USA - Fictional Savings: The alliance between GM and Renault/Nissan was never likely
USA -Forbes, by Jerry Flint -4 Oct 2006: -- Now we hear it is absolutely, positively dead. Frankly, the savings that people talked about were mainly fiction, anyway. Merging companies always talk about saving vast amounts of money, but I have found that in the auto business they just are not there... In the auto business, everything depends on how companies allocate costs. If the boss wants a merger to look as if it is saving money, his chief financial officer will allocate the costs so the boss gets the numbers he wants... In this one, the big savings were supposed to come from suppliers, with the notion being that if you offer them some extra business they would cut prices...
* USA - General Motors Death Watch 94: Table Scraps
USA -The Truth About Cars, by Robert Farago -Oct 4, 2006: -- GM’s September sales figures are out. Despite generous Labor Day incentives, zero per cent financing to anyone with a pulse and an easy year-on-year comparison (GM was in the post-Fire Sale mode last September), vehicle sales are down seven percent. Given GM's upcoming production cutbacks, there’s only one way sales can go from here: down, taking GM’s declining market share with it. Never mind... According to GM Exec Maximum Bob Lutz, "Whatever our market share stabilizes at in the US— 22, 23, 24 percent— I don’t really care. The idea that GM… has got to get back to 30 percent is a wacky notion with all this global competition we’ve got."..
posted by Unknown @ 5:48 PM
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