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Author: DCFalcon Three stars, 500 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 41629  
Subject: Re: How to save GM Date: 10/9/2005 9:33 PM
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The UAW will never voluntarily give up enough to make a difference.


They will be giving back to Delphi, voluntarily or not. Then, everyone else will be asking for concessions similar to what Delphi got. It may not even take that long before the others start grumbling.

The UAW aways negotiated with GM, Ford and Chrysler by getting the best deal they could from one of them, then pressuring the other two to sign essentially the same contract. I think that tactic will be turned around on them, as every time they give a concession to one company, the others will demand the same.

I dont know much about GM's ownership interest in other auto makers. I know Ford owns several foreign names. Maybe that will be enough to get Ford through.

GM owns Saab, as well as Opel in Europe. They recently sold their stake in Fuji Heavy Industries (the parent company of Subaru) to Toyota. I think they may still have some sort of interest in Isuzu and Suzuki. Earlier this year, they paid a big chuck of cash to weasel out of a bad deal with Fiat.

I'm not sure Ford's European brands are much of an asset. Jaguar has cost a ton of money, as has Land Rover. I don't think Aston Martin or Volvo have performed as well as expected either.

It is worth noting that Toyota, the current World's Most Successful Automaker, pretty much sat out the industtry's Acquisition Mania a while back.

- Jeff
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