Comments on: GM To Sell Suzuki Stake, Pay A Week Worth Of Bills

By: fallout11

fallout11 — Tue, 18 Nov 2008 20:16:14 +0000

Saab, as it is, isn’t worth anything. It is sort of GM’s version of Jaguar, a company that you have to pay someone to take off your hands (liabilities exceed worth).

By: Happy_Endings

Happy_Endings — Tue, 18 Nov 2008 01:13:55 +0000

Can anyone tell me why they shouldn’t sell SAAB as well?

I don’t think the problem is that GM is reluctant to sell, but rather someone else willing to buy (or at least buy at GM’s asking price).

By: frenchy

frenchy — Mon, 17 Nov 2008 21:13:03 +0000

Does anyone want Saab anymore? Does Saab have it’s own platforms and engines or are they the same platform as the aura/g6/malibu? I don’t think buying Saab would get the buyer much, other then a damaged brand.

By: Lee

Lee — Mon, 17 Nov 2008 21:04:59 +0000

Can anyone tell me why they shouldn’t sell SAAB as well?

By: derm81

derm81 — Mon, 17 Nov 2008 20:00:01 +0000

GM is like a crack addict but instead of having 6 kids with 5 baby daddy, they have thousands of employees. Now, baby momma needs some welfare cuz she done blew all her savings by poor planning and basically being stoned all the time.

By: fred diesel

fred diesel — Mon, 17 Nov 2008 17:39:03 +0000

Yahoo! Today, get to work on a Saab V6, the motor they never needed!(and typically ends Saab ownership) Then, the countless other boners Lutz etal have pulled over the years. No 4cylinder turbodiesels(except mine), hybrids??…just a fad.
Now theyre finally building a four cylinder plant in Flint? These guys need a oneway tarred and feathered ride outta town.

By: Edward Niedermeyer

Edward Niedermeyer — Mon, 17 Nov 2008 17:37:19 +0000

Paul: It wouldn’t prevent a straight Suzuki import, but it makes a Geo Metro redux (or other rebadge scheme) less likely. Or not. Mostly I just wanted voice my support for anything that brings that car here.

By: fallout11

fallout11 — Mon, 17 Nov 2008 17:33:55 +0000

Suzuki will still be around 12 months from now, GM will not.
I can’t see GM still bleeding 1.5 billion a month this time next year (as it has for much of the last 24 months), can you?

By: Conslaw

Conslaw — Mon, 17 Nov 2008 16:57:27 +0000

If 3% of Suzuki is worth $230 million, that means all of Suzuki, its market cap, would be $7.7 billion. According to Google Finance, right now, General Motors’ market cap is about $2.05 billion. Yes, friends, Suzuki Motors is worth almost 4 times as much as General Motors.

By: Paul Niedermeyer

Paul Niedermeyer — Mon, 17 Nov 2008 16:40:07 +0000

And why would this have an impact on whether Suzuki imports the Swift?

By: JK43123

JK43123 — Mon, 17 Nov 2008 16:28:38 +0000

230 million? Woohoo! Post-it notes for everyone!

John

By: thalter

thalter — Mon, 17 Nov 2008 16:15:44 +0000

Yea, I don’t get why GM stocks aren’t trading at less than a buck. Don’t people get that no matter what happens to GM (bailout or CH11), either option will result in a large (if not total) loss in shareholder equity?

By: menno

menno — Mon, 17 Nov 2008 16:15:22 +0000

People often forget (or don’t even know) that Suzuki is only a “3rd rate never thought of, small non-contender” in North America.

In India, Suzuki-Maruti is #1. In Japan, Suzuki is #1 in Kei cars, the #1 category of automobildom.

In several other countries of importance for the future of the worldwide automotive industry, Suzuki has a good footing, presence and significant market share (and profits).

Even so, it may not be “enough” to survive the coming worldwide economic Tsunami.

I suspect that a Suzuki-Mitsubishi tie-up is probably in the best interests of both. As in, a merger, or marriage. For the most part, these two companies have complementary line-ups worldwide, with only moderate amounts of direct competition.

I think it’d be a better tie-up than Nissan and Renault.

Plus the company could have the backing of two heavy weights, Mitsubishi Motors’ parents, Mitsubishi Bank and Mitsubishi Heavy Industries (which opened up the spare bedroom to let Mitsubishi Motors boomerang home after the nasty divorce from Daimler-Chrysler a few years back).

By: toxicroach

toxicroach — Mon, 17 Nov 2008 16:11:10 +0000

11% of 3.35.

When you get down to penny stock level, any days average fluctuation looks massive.

By: John Horner

John Horner — Mon, 17 Nov 2008 16:10:28 +0000

GM once had a compelling vision of creating a global network of affiliates, each free to be creative and independent but at the same time leveraging the purchasing power and development resources of each other. Strategically it was brilliant, but GM management could never conduct the orchestra. Fiat(which includes Alfa, Ferrari, Maserati & Lancia), Subaru, Suzuki, Isuzu, Daewoo, Saab and the various wholly owned GM companies all were positioned to operate autonomously while also leveraging the whole. But, alas, the leaders in Detroit weren’t leaders at all and couldn’t make music. In disgust, every talented musician who could, found a way to leave the orchestra and go form other musical alliances.

By: TexN

TexN — Mon, 17 Nov 2008 16:08:13 +0000

I’ll say it again: GM is not a viable business anymore. Period. On the bright side of things, GM’s stock is up 11% for the day as I’m typing this which shows how irrational the investing public is.

By: autonut

autonut — Mon, 17 Nov 2008 15:59:27 +0000

If fate of FIAT is any indication, Suzuki is on the road to riches.