GM calls off alliance talks with Renault-Nissan

[MikeMike]

October 4, 2006

BY JOE GUY COLLIER

FREE PRESS BUSINESS WRITER
General Motors Corp. has broken off talks with Renault SA and Nissan Motor Co. about forming a possible alliance, according to the Wall Street Journal.

Citing a person familiar with the situation, the Journal reported on its Web site today that GM Chairman and CEO Rick Wagoner called Carlos Ghosn, head of both Renault and Nissan, this morning to call off the talks.

GM declined to comment on the report or whether talks with Renault-Nissan were ongoing.

GM, though, expressed concern last week about the negotiations so far. After a meeting at the Paris auto show between Wagoner and Ghosn, a GM spokesman said the deal talked about seemed to provide more benefits for Renault and Nissan than GM.

At the time, GM did not say it was breaking off talks before the Oct. 15 deadline set by the companies. GM began talks with Renault and Nissan, already bound by an alliance, in July at the urging of GM shareholder Kirk Kerkorian.

Even from the outset, analysts were skeptical GM would join the alliance, but GM, Renault and Nissan agreed to a 90-day review process.

http://www.freep.com/apps/pbcs.dll/article?AID=/20061004/NEWS99/61004007

Mr. One Trick Pony is done for.

this is good.

 

[foghorn67]

Good. We don't need another company owned by the French.

 

[j00fek]

lookin like they can break out of it soon with out the nappy french

 

[Finality]

Yeah cause GM is doing so well by themselves.....

Pride is whats gotten them in trouble and it will continue to do so. They where talking about cost saving Synergies of $10 Billion for the three companies.

I've read reports where an American car company had 81 different models for mirrors on a particular model for a car. They had one purchasing manager just for that, whereas a Japanese firm had at the leanest models 2 mirrors and 1 manager who purchased at least 5 other components.

GM needs the help they can ill afford to think they can keep doing things on there own.

Wagner needs to get really tough really fast with his Unions and his suppliers this tip toeing around people is not going to cut it.

 

[PricklyPete]

Sure GM needs to work on their structure...but just throwing stones to make it look like progress is being made is a bad idea. The only thing that teaming up with Renault/Nissan would do is to push up stock prices in the short run. There is plenty of efficiency iproblems that can be handled through restructuring management and worker level jobs, supply chains, etc. before they need to jump on the bandwagon and try to thwart bankruptcy by sadling up with another company.

 

[freegeeks]

Originally posted by: foghorn67
Good. We don't need another company owned by the French.

Renault 2005 profits: +4 billion dollars
GM 2005 profits: -10,6 billion dollars

 

[Lonyo]

Originally posted by: freegeeks

Originally posted by: foghorn67
Good. We don't need another company owned by the French.

Renault 2005 profts: +4 billion dollars
GM 2005 profits: -10,6 billion dollars

But I bet if you attacked them you could steal all their profits because they would surrender them to you, damned cheese eating surrender monkies.

 

[FeuerFrei]

Ghosn'll be moving on to Ford now. Wasssup Mulally?

 

[Martin]

Ghosn should probably concentrate on Renault.

 

[Finality]

Originally posted by: PricklyPete
Sure GM needs to work on their structure...but just throwing stones to make it look like progress is being made is a bad idea. The only thing that teaming up with Renault/Nissan would do is to push up stock prices in the short run. There is plenty of efficiency iproblems that can be handled through restructuring management and worker level jobs, supply chains, etc. before they need to jump on the bandwagon and try to thwart bankruptcy by sadling up with another company.

Problem is they have no idea how to do that. Its the reason they are in the mess in the first place.

Focusing on blood sucking unions is a good start but there are a lot more changes, just saying 'white collar job cuts' is not good enough. What departments are they coming from what job roles will the new people have?

A better stance would have been to reduce suppliers from what they have now then streamline production, planning and procurement. It sounds simple but your talking about a massive company. Believe me even in a small/mid size business its hard.

Thats why Ghosn (Renault/Nissan) should be involved he is the turn around king, Nissan was nearly dead before he started running the show now its one of the most profitable car companies in the world. - Saying that I suspect hes more of a turn around king than a leader of companies.

 

[foghorn67]

Originally posted by: freegeeks

Originally posted by: foghorn67
Good. We don't need another company owned by the French.

Renault 2005 profits: +4 billion dollars
GM 2005 profits: -10,6 billion dollars

subsidized by France and protected by lazy French voters.

GM=win if it nips UAW in the bud.

 

[mercanucaribe]

Originally posted by: foghorn67

Originally posted by: freegeeks

Originally posted by: foghorn67
Good. We don't need another company owned by the French.

Renault 2005 profits: +4 billion dollars
GM 2005 profits: -10,6 billion dollars

subsidized by France and protected by lazy French voters.

GM=win if it nips UAW in the bud.

Nip UAW in the bud? The fascist union busters failed at that early last century.. UAW is more of a bush or a tree now.

 

[Schadenfroh]

Originally posted by: mercanucaribe

Originally posted by: foghorn67

Originally posted by: freegeeks

Originally posted by: foghorn67
Good. We don't need another company owned by the French.

Renault 2005 profits: +4 billion dollars
GM 2005 profits: -10,6 billion dollars

subsidized by France and protected by lazy French voters.

GM=win if it nips UAW in the bud.

Nip UAW in the bud? The fascist union busters failed at that early last century.. UAW is more of a bush or a tree now.

Then GM should close all plants in the US and move everything to Mexico or the southern US.

 

[BlancoNino]

Originally posted by: Finality
Yeah cause GM is doing so well by themselves.....

Pride is whats gotten them in trouble and it will continue to do so. They where talking about cost saving Synergies of $10 Billion for the three companies.

I've read reports where an American car company had 81 different models for mirrors on a particular model for a car. They had one purchasing manager just for that, whereas a Japanese firm had at the leanest models 2 mirrors and 1 manager who purchased at least 5 other components.

GM needs the help they can ill afford to think they can keep doing things on there own.

Wagner needs to get really tough really fast with his Unions and his suppliers this tip toeing around people is not going to cut it.

GM still holds the biggest marketshare and sells TONS of vehicles. They sell way more vehicles than Renault...so why no profit? They reached the agreement with the unions when they were doing well and could afford to pay them...now they can't afford it but they still have to pay them? That's the problem with unions...they're not flexible. They'd rather see the whole company go into the toilet.

 

[Paddington]

GM's been making a number of good moves lately. I own stock in GM, but I also have family that lives in a town with a lot of GM employees, so I'm concerned about GM's long term future as well what they do with their employees.

If GM started firing hundreds of thousands of people (as Carlos Ghosn might do if he took over) it could have disastrous consequences for families directly and indirectly dependent on GM.

Rick Wagoner has given a pretty generous voluntary buyout offer to some 50,000 GM employees. That hits GM now (which is why their profits took a beating last year), but in the future their liabilities go down. Also, it's much less disastrous than mass layoff, which would lead to union strikes, and devastation for towns dependent on GM.

Also, GM gains nothing from Nissan-Renault. The whole "merger" was a plot by Kerkorian to have Ghosn come in and rape GM for short term stock gains.

 

[BlancoNino]

Originally posted by: Paddington
GM's been making a number of good moves lately. I own stock in GM, but I also have family that lives in a town with a lot of GM employees, so I'm concerned about GM's long term future as well what they do with their employees.

If GM started firing hundreds of thousands of people (as Carlos Ghosn might do if he took over) it could have disastrous consequences for families directly and indirectly dependent on GM.

Rick Wagoner has given a pretty generous voluntary buyout offer to some 50,000 GM employees. That hits GM now (which is why their profits took a beating last year), but in the future their liabilities go down. Also, it's much less disastrous than mass layoff, which would lead to union strikes, and devastation for towns dependent on GM.

Also, GM gains nothing from Nissan-Renault. The whole "merger" was a plot by Kerkorian to have Ghosn come in and rape GM for short term stock gains.

Sometimes workers just aren't needed. Unions prevent necessary outsourcing and adjustments for auto companies to thrive and compete on a global scale.

 

[Squisher]

Originally posted by: Schadenfroh

Originally posted by: mercanucaribe

Originally posted by: foghorn67

Originally posted by: freegeeks

Originally posted by: foghorn67
Good. We don't need another company owned by the French.

Renault 2005 profits: +4 billion dollars
GM 2005 profits: -10,6 billion dollars

subsidized by France and protected by lazy French voters.

GM=win if it nips UAW in the bud.

Nip UAW in the bud? The fascist union busters failed at that early last century.. UAW is more of a bush or a tree now.

Then GM should close all plants in the US and move everything to Mexico or the southern US.

Just like all computer related firms should move to India

All manufacturing should go to China.

And, we should all turn from materialist ways and start living in huts.


Please tell me how many union people did it take to design crappy cars? How many union members made short sighted business decisions that got the domestics into the mess they're in now?

Nothing like having a scapegoat.

 

[JEDI]

Originally posted by: MIKEMIKE

October 4, 2006

BY JOE GUY COLLIER

FREE PRESS BUSINESS WRITER
General Motors Corp. has broken off talks with Renault SA and Nissan Motor Co. about forming a possible alliance, according to the Wall Street Journal.

Citing a person familiar with the situation, the Journal reported on its Web site today that GM Chairman and CEO Rick Wagoner called Carlos Ghosn, head of both Renault and Nissan, this morning to call off the talks.

GM declined to comment on the report or whether talks with Renault-Nissan were ongoing.

GM, though, expressed concern last week about the negotiations so far. After a meeting at the Paris auto show between Wagoner and Ghosn, a GM spokesman said the deal talked about seemed to provide more benefits for Renault and Nissan than GM.

At the time, GM did not say it was breaking off talks before the Oct. 15 deadline set by the companies. GM began talks with Renault and Nissan, already bound by an alliance, in July at the urging of GM shareholder Kirk Kerkorian.

Even from the outset, analysts were skeptical GM would join the alliance, but GM, Renault and Nissan agreed to a 90-day review process.

http://www.freep.com/apps/pbcs.dll/article?AID=/20061004/NEWS99/61004007

Mr. One Trick Pony is done for.

this is good.

Wagoner was a 1trick pony? What good did he EVER do?!

what was that 1 trick?

 

[Paddington]

Originally posted by: BlancoNino

Originally posted by: Paddington
GM's been making a number of good moves lately. I own stock in GM, but I also have family that lives in a town with a lot of GM employees, so I'm concerned about GM's long term future as well what they do with their employees.

If GM started firing hundreds of thousands of people (as Carlos Ghosn might do if he took over) it could have disastrous consequences for families directly and indirectly dependent on GM.

Rick Wagoner has given a pretty generous voluntary buyout offer to some 50,000 GM employees. That hits GM now (which is why their profits took a beating last year), but in the future their liabilities go down. Also, it's much less disastrous than mass layoff, which would lead to union strikes, and devastation for towns dependent on GM.

Also, GM gains nothing from Nissan-Renault. The whole "merger" was a plot by Kerkorian to have Ghosn come in and rape GM for short term stock gains.

Sometimes workers just aren't needed. Unions prevent necessary outsourcing and adjustments for auto companies to thrive and compete on a global scale.

Yeah, no ******. But do you want 15% of your father's customers to lose their job? I don't think so.

 

[BlancoNino]

Originally posted by: Paddington
Yeah, no ******. But do you want 15% of your father's customers to lose their job? I don't think so.

I wouldn't want that, but I support the right for it to happen.

 

[MikeMike]

Originally posted by: JEDI

Originally posted by: MIKEMIKE

October 4, 2006

BY JOE GUY COLLIER

FREE PRESS BUSINESS WRITER
General Motors Corp. has broken off talks with Renault SA and Nissan Motor Co. about forming a possible alliance, according to the Wall Street Journal.

Citing a person familiar with the situation, the Journal reported on its Web site today that GM Chairman and CEO Rick Wagoner called Carlos Ghosn, head of both Renault and Nissan, this morning to call off the talks.

GM declined to comment on the report or whether talks with Renault-Nissan were ongoing.

GM, though, expressed concern last week about the negotiations so far. After a meeting at the Paris auto show between Wagoner and Ghosn, a GM spokesman said the deal talked about seemed to provide more benefits for Renault and Nissan than GM.

At the time, GM did not say it was breaking off talks before the Oct. 15 deadline set by the companies. GM began talks with Renault and Nissan, already bound by an alliance, in July at the urging of GM shareholder Kirk Kerkorian.

Even from the outset, analysts were skeptical GM would join the alliance, but GM, Renault and Nissan agreed to a 90-day review process.

http://www.freep.com/apps/pbcs.dll/article?AID=/20061004/NEWS99/61004007

Mr. One Trick Pony is done for.

this is good.

Wagoner was a 1trick pony? What good did he EVER do?!

what was that 1 trick?

Gohsn is a one trick pony.

im posting up an article showing just how much trouble Nissan is in because of the retarded, short term, profit Gohsn was after.

 

[freegeeks]

Originally posted by: foghorn67

Originally posted by: freegeeks

Originally posted by: foghorn67
Good. We don't need another company owned by the French.

Renault 2005 profits: +4 billion dollars
GM 2005 profits: -10,6 billion dollars

subsidized by France and protected by lazy French voters.

GM=win if it nips UAW in the bud.

you really have no clue, some of you cattlehumpers are really to stupid to have a discussion with

 

[Fingolfin269]

Originally posted by: MIKEMIKE

Originally posted by: JEDI

Originally posted by: MIKEMIKE

October 4, 2006

BY JOE GUY COLLIER

FREE PRESS BUSINESS WRITER
General Motors Corp. has broken off talks with Renault SA and Nissan Motor Co. about forming a possible alliance, according to the Wall Street Journal.

Citing a person familiar with the situation, the Journal reported on its Web site today that GM Chairman and CEO Rick Wagoner called Carlos Ghosn, head of both Renault and Nissan, this morning to call off the talks.

GM declined to comment on the report or whether talks with Renault-Nissan were ongoing.

GM, though, expressed concern last week about the negotiations so far. After a meeting at the Paris auto show between Wagoner and Ghosn, a GM spokesman said the deal talked about seemed to provide more benefits for Renault and Nissan than GM.

At the time, GM did not say it was breaking off talks before the Oct. 15 deadline set by the companies. GM began talks with Renault and Nissan, already bound by an alliance, in July at the urging of GM shareholder Kirk Kerkorian.

Even from the outset, analysts were skeptical GM would join the alliance, but GM, Renault and Nissan agreed to a 90-day review process.

http://www.freep.com/apps/pbcs.dll/article?AID=/20061004/NEWS99/61004007

Mr. One Trick Pony is done for.

this is good.

Wagoner was a 1trick pony? What good did he EVER do?!

what was that 1 trick?

Gohsn is a one trick pony.

im posting up an article showing just how much trouble Nissan is in because of the retarded, short term, profit Gohsn was after.

Eh? The main problem with Nissan is the aged lineup and that is being corrected this model year. You will see increases in sales once the new Altima, Sentra, Versa (hatch and sedan), and Infiniti G35 hit the dealers in force by the end of the year. He has also corrected the model development time so Nissan should not face this type of problem again.

 

[Ktulu]

Originally posted by: freegeeks

Originally posted by: foghorn67

Originally posted by: freegeeks

Originally posted by: foghorn67
Good. We don't need another company owned by the French.

Renault 2005 profits: +4 billion dollars
GM 2005 profits: -10,6 billion dollars

subsidized by France and protected by lazy French voters.

GM=win if it nips UAW in the bud.

you really have no clue, some of you cattlehumpers are really to stupid to have a discussion with

What makes you think that this years year end profits will be similar. From what I've gathered GM's turnaround plan is right on track, they may even break even this year. This is of course thanks to the buy outs for union employees. Foghorn is correct, get rid of the UAW and you'll see a stronger more profitable GM.

 

[freegeeks]

Originally posted by: Ktulu

Originally posted by: freegeeks

Originally posted by: foghorn67

Originally posted by: freegeeks

Originally posted by: foghorn67
Good. We don't need another company owned by the French.

Renault 2005 profits: +4 billion dollars
GM 2005 profits: -10,6 billion dollars

subsidized by France and protected by lazy French voters.

GM=win if it nips UAW in the bud.

you really have no clue, some of you cattlehumpers are really to stupid to have a discussion with

What makes you think that this years year end profits will be similar. From what I've gathered GM's turnaround plan is right on track, they may even break even this year. This is of course thanks to the buy outs for union employees. Foghorn is correct, get rid of the UAW and you'll see a stronger more profitable GM.

his statement about "subsidized by France and protected by lazy French voters"
typical flagwaving moron statements, I'm ony missing the cheese eating surrender monkey line.

fyi: Renault is a public traded company, French state has a 15% stake (that they want to sell) and state interventenion is forbidden bu EU regulation