It’s now been one month since Rick Wagoner and Carlos Ghosn got together for a pow-wow on the future of their respective companies.
They gave themselves 90 days to come up with an answer, and true to their word, there hasn’t been any press on the merger since.
Chapter 11 bankrupt and major GM parts supplier, Delphi, will go to court in the next few days and I understand that one expectation from this hearing is that Delphi will seek to have the judge tear up its existing labour contracts.
Delphi are seeking to lower their basic wage from $27 an hour to around $14.50 or thereabouts. The UAW, of course, won’t have a bar of it.
If there isn’t a negotiated bailout of this situation in the next 48 hours then there could be some big, big trouble.
A guy I know and respect, via email, recently said the following:
….about that “100% GM Free” sticker…. I tried to laugh, but it did not come from very deep inside. I know what nostalgia is all about, and it may feel good for a while. But, in all honesty, there’s also something like a present and a future. Do Saab enthusiasts really, really want to see our brand go the way of MG Rover?
I can see his point. I would have preferred Saab to remain an independant company, but the fact is that they couldn’t. Given the current circumstances I can’t think of a better situation for Saab right now than to have GM invest in it and develop it – provided they do exactly that.
Please feel free to discuss in comments.