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Old 07-31-2006, 08:19 PM   #61
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Kerkorian owns 9.9% of GM. If he owned more he would technically have a problem with banking laws and disclosures that I think he would not want to get in to. It is doubtful he will own more. When GM stock passed 30.11 he passed his break even point on his investment (closed at 32.23 today). As the major stockholder he has some influence but he doesn't and will not own the company. He pressed for a Nissan/Renault alliance to hopefully boost his share holding price. It is now up to GM to consider the offer. Ghosn, the Nissan/Renault CEO, said there will be no hostile takeover attempt. That's my take on the deal.
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Old 07-31-2006, 08:32 PM   #62
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Man I hope GM doesn't get renault on board ,I have no desire to work on those .I have in the past ,after the first one you know why you don't want to work on anymore of them.

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Old 07-31-2006, 10:45 PM   #63
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Originally Posted by Davydd
He pressed for a Nissan/Renault alliance to hopefully boost his share holding price.
You are correct sir.. Kerkorian will not ever "own" the company but he has powerful influence to shake that sleeping giant. His power play is interesting to watch and we'll likely continue to see the other big cash rich Japanese auto companies testing the waters in Michigan.
"Twenty years from now you will be more disappointed by the things you didn't do than by the ones you did do. So throw off the bowlines, sail away from the safe harbor. Catch the trade winds in your sails. Explore. Dream. Discover."- Mark Twain

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Old 08-01-2006, 01:06 PM   #64
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Originally Posted by AZstreamin
we'll likely continue to see the other big cash rich Japanese auto companies testing the waters in Michigan.
Other than perhaps Toyota I don't know if "cash rich" applies to any of the Japanese auto companies. Nissan was virtually raised from the ashes with "tough love" from Renault management. Mazda is a perenial drain on Ford and possibly the best "poison" GM has at it's defense is it's interests in Mitsubishi. I was never a big fan of Renault going back to working on cracker tins like the R-10 but they have made huge strides in the last couple decades. Unfortunately the same can't be said for GM, at least not domestically. Maybe the partnership would be a healthy influence. However, that arguement sounded good with the formation of Mopar-Benz and I think German management is left to rue the day they undertook that task.

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Old 08-29-2006, 12:24 AM   #65
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Hi, 59 Toaster. I worked at a few Chevrolet dealers and one combo Oldsmobile / GMC dealer and at that time General Motors, as Frank S. stated, would not honor warranty work on other GM vehicles. [Ford would work on all their lines] But GM had to change this because they were dumping Oldsmobile and someone had to take care of their warranties. So I think, but can't conferm,that GM changed their policy.
You guys are pretty sharp out there. So I have three trivia questions for you.

1. Who invented the automotive assembly line?

2. How many mules are in the twenty mule team?

3.What very common part of American made cars, dateing clear back into the fifties, had a metric measurement?

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