September 18, 2006
The really Big One?
GM and Ford are talking?
Senior executives at General Motors Corp. (GM.N: Quote, Profile, Research) and Ford Motor Co. (F.N: Quote, Profile, Research) have discussed a merger or alliance, industry newspaper Automotive News reported on Monday...As of now, the two companies, both struggling with shrinking market shares while restructuring operations, are not holding talks, and one source said there is a slim chance that anything will come of the situation, Automotive News said.
GM and Ford declined to confirm any talks...
I cannot think of any less sensible grouping; talk about reinforcing failure with similar product lines (except GM has far too many models--at least Ford is fairly trim in that respect).
Mark C.
Posted by markc at September 18, 2006 12:55 PM