QOTD: Ghosn Fishing?
Why in the world would General Motors want to hitch their wagon to Renault – Nissan? Synergy? Don't make me laugh. I reckon the answer is simple: GM's Board of Bystanders and CEO Rabid Rick Wagoner aren't interested in hooking-up with Carlos "The Jackal" Ghosn's mob. They gotta pretend to be interested on account a due diligence. Lest we forget, Kirk "The Quiet Lion" Kerkorian launched this whole cockamamie scheme to inflate GM's stock price so he could recoup his $1b loss. Done. But now Nissan says it ain't giving GM a dime, no matter what. Which takes the deal from dumb to dumberer ('cause the one thing GM could use from the Franco-Japanese conglomerate is cash money.) OK, great. But here's my question: why did Nissan – Renault play along with Kirk in the first place? Do we really believe Carlos' claim that he wants to bulk-up against Toyota? Did Kirk promise him a shot at running the world's largest potential bankruptcy? I'd appreciate a little help parsing this bastard. Your thoughts?