Jump to content
Sign in to follow this  
Mr.Krinkle

GM Cautions Kerkorian

Recommended Posts

Bob Lutz has a few things to say about it

http://www.canada.com/nationalpost/financi...dea646c&k=13708

Many auto industry observers agree, saying Mr. Wagoner and his management team are on the right course.

"This is not the Titanic any more," said Rebecca Lindland, an auto analyst with Global Insight in Lexington, Mass. "It's more like The Love Boat with Wall Street because of the stability of good management."

Mr. Lutz suggested the trigger for this potential battle -- the perceived lack of seriousness with which GM studied a commercial tie-up with Nissan-Renault -- should not be a trigger at all.

He said GM's financial advisors, Morgan Stanley and Goldman Sachs, concluded it was not a good deal because GM would be giving away 20% of its equity as well as a huge amount of competitive information

Share this post


Link to post
Share on other sites

How is this proxy fight going to benefit GM and its turnaround plans? Didn't Kirk lose his fight to Chrysler once already?

Is this guy worried, that on his deathbed he will have built nothing, accomplished nothing but only made money? At least the moguls of the 19th century BUILT things - Standard Oil, railways, etc.

Does Tracinda BUILD anything? Or just tear down for "shareholder value."

Toyota must be laughing its ass off.

Share this post


Link to post
Share on other sites
That's what I was wondering about... revealing competitive information. How were talks even advanced without talking about future plans in some sort of detailed way?

Share this post


Link to post
Share on other sites

How is this proxy fight going to benefit GM and its turnaround plans?  Didn't Kirk lose his fight to Chrysler once already? 

  Is this guy worried, that on his deathbed he will have built nothing, accomplished nothing but only made money?  At least the moguls of the 19th century BUILT things - Standard Oil, railways, etc.

  Does Tracinda BUILD anything? Or just tear down for "shareholder value."

  Toyota must be laughing its ass off.

203735[/snapback]

hes got method to his madness, although at 90 it makes you wonder why still.

fact is he wants to win this one somehow. if it means kicking screaming and hair pulling the whole way theres gotta be some big piece of cheese hes after.

of course he probably needs to take this into account too:

Meanwhile, GM investor TCW Group Inc., with 7.85 million of the automaker's shares, said yesterday it backs Mr. Wagoner's plan to revive profit. "We invested in GM based on the turnaround management has put in place, with health concessions, a pension freeze, a new vehicle lineup," said analyst Carol Moreno of TCW, which holds 1.4% of GM's stock. "It wasn't for Kerkorkian and it wasn't for a strategic alliance or anything like that."

Share this post


Link to post
Share on other sites

Your content will need to be approved by a moderator

Guest
You are commenting as a guest. If you have an account, please sign in.
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoticons maximum are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Sign in to follow this  



About us

CheersandGears.com - Founded 2001

We  Cars

Get in touch

Follow us

Recent tweets

facebook

×