Pals,
This story in USA Today about a pending GM merger with Chrysler has stinky written all over it. In fact, Peter De Lorenzo over at Autoextremist.com covered this very thing last week. Even in his opening, Mr. De Lorenzo gets to the heart of the matter:
The swirling maelstrom of conjecture, rumor and fabrication that’s enveloping the Motor City (aka The Land of Not Good) right now concerning GM and Chrysler has spun completely out of control. So much has been said by so many people who know so little about what’s going on, that it’s truly breathtaking to contemplate. As a matter of fact, I have never seen anything like it in all my years in this business.
This fairly sums up the USAT piece, but there’s a little nugget that should leave Grosse Pointe psychiatrists confident that they’ll make their next yacht payments…
Ford Motor is seeking to sell all or part of its stake in Japan’s Mazda to a group of Japanese companies. The report appeared in the Japanese press last week and was confirmed by two people who have been briefed on the proposal but said they could not comment on the record.
Ford’s sale of Mazda is so obvious that it doesn’t even merit mention. I mean, why would they need a small car platform partner or economical four cylinder engine development in this economic climate? That’s just crazy talk!
Talk about Not Good…
– bob