Everyone’s got their own take on what this alliance thing means, what’s going on, what’s going to happen etc. It seems you’re not a serious automotive journo if you haven’t written something about it. Consquently there’s a heck of a lot of reading material out there, but I’m trying to only bring the most poignant pieces to light here.
This one’s from Jim Burt at The Car Connection, and it’s rather ominously titled “Are Wagoner’s Days Numbered?: The writing’s been on the wall – and now board members are reading it.”
It’s one of the better interpretations of York and KK’s “squeeze play” that I’ve read. I don’t know how good this guy’s sources are or if it’s 90% speculation, but he seems to be prophesying a pretty rough board meeting on Friday, one that could even be Wagoner’s last at GM.
This whole situation seems to be bringing Ghosn’s admirer base to the fore, or maybe it’s Wagoner’s detractors.
This is a well written piece and I’d advise you all to spend your 10 minutes with it. It’s pretty dismissive of Saab, who 3 or 4 months ago were basking in a long term commitment from a parent that seems to be under threat.
Again though, it doesn’t spell out what the players in this drama really stand to gain for all the pain and trouble. Especially GM, who now have operations most likely in profit in Europe now, and a turnaround underway in the US (ignoring the Delphi elephant in the corner of the room for the moment). Until someone from even just ONE of these companies comes out and says quite plainly what the benefits really are, well, I just can’t beleive that this thing’s going forward.
Right now the biggest smiles sit on the face of KK as his investment’s gone up in value a little, and Ghosn, who can’t lose at this point and is all the more revered with every headline.
Friday’s going to be a biggie.