The Deal
Wednesday, November 25, 
1:24 pm

Carmaker Menage A Trois update

  Share     E-Mail    Discussion    Print Story

car_wreck.jpgAnother day, and that can only mean more GM-Renault-Nissan stories! The latest round includes a mix of real news and wild speculation. First, the real news concerns GM CEO Rick Wagoner, who told the press he intends to remain at the helm of the Detroit giant even if it should cut a deal with Renault and Nissan. Wagoner's claims follow earlier reports from last week when Renault and Nissan head Carlos Ghosn insisted he has no interest in replacing Wagoner. It's good to see that the two are on the same page. Also responding to the media's rumor mongering, Toyota denies it wants its own deal with GM or will seek to break up any deal GM may establish with rivals. Finally, the Korean press couldn't leave the rumor mongering exclusively to their Western counterparts. The Korean Times, an English-language paper, has an analysis piece examining what measures Hyundai may take should GM establish a deal. While the story doesn't actually offer any hard evidence that the leading Korean automaker is actually engaged in talks, it does examine the company's prior partnerships with Mitsubishi and DaimlerChrysler. Now that we've heard from the Koreans, how come we haven't heard from the Germans yet?—Matthew Wurtzel

See story about Wagoner from Forbes
See story about Wagoner from The Detroit Free Press
See story about Toyota from Reuters
See story about Hyundai from The Korea Times

Continue reading below

Also on Dealscape





Post a comment





The Deal Pipeline

Deal Video


Inside The Deal: General Electric's Duncan O'Brien says the company has been focused on retaining cash.


More video...

Crisis On Wall Street
Technology
Deals of The Decade

Community

Industry Insight

REIT IPO deja vu

Real estate sponsors that might wish to undertake an IPO will need to consider a wide variety of issues and begin to take action long before the first filing with the SEC.


Industry Insight

Loan-to-buy

Paulson's proposal to purchase an equity stake in Yellow Pages publisher Idearc is the second time in recent months an investor group has used its prepetition debt position to execute a bargain price 'exit LBO.'


Industry Insight

Managing your shareholder base

Growth companies and their PE sponsors should be wary of the pitfalls that arise when they layer on tiers of preferred stock.


footspacer.jpg footspacer.jpg footspacer.jpg footspacer.jpg footspacer.jpg


©Copyright 2009, The Deal, LLC. All rights reserved. Please send all technical questions, comments or concerns to the Webmaster.