EU:Lutz: GM is open to Ford alliance - Ford Forums - Mustang Forum, Ford Trucks, Ford Focus and Ford Cars
LinkBack Thread Tools Display Modes
post #1 of 1 (permalink) Old 11-20-06, 08:43 AM Thread Starter
Registered User
Stacy94PGT's Avatar
Join Date: Feb 2001
Location: The Hills of North Georgia,USA
Posts: 7,859
EU:Lutz: GM is open to Ford alliance

Lutz: GM is open to Ford alliance


ZURICH -- General Motors is open to an alliance with its No. 2 rival Ford, Vice Chairman Bob Lutz said in a newspaper interview on Sunday.

Asked whether GM would choose to go it alone or merge with Ford, Lutz said, "We are open to alliances. But we can also be successful alone."

Lutz spoke in an interview in the Swiss newspaper SonntagsZeitung.

Both Ford and GM are restructuring North American operations to adjust to a loss of market share in their home markets. GM is attempting to recover from a $10.6 billion loss in 2005.

Lutz said GM remained open to a smaller deal with Renault-Nissan after GM declined to pursue a larger tie-up with the French-Japanese group.

"We would have been in agreement with a smaller deal on engines, and we still are today," he said.

After nearly three months of talks, GM, Nissan and Renault said in October that they would end their discussions on a possible partnership.

Lutz told the newspaper that GM would have benefited from the proposed alliance far less than Nissan and Renault.

My first car was a 67 Mustang Coupe, 2nd one was a 67 Cougar XR-7, 3rd one was a 66 Mustang Coupe. Why did I get rid of these cars for ? I know why, because I'm stupid, stupid, stupid.

My next Ford.....
Stacy94PGT is offline  
Sponsored Links

  Ford Forums - Mustang Forum, Ford Trucks, Ford Focus and Ford Cars > Fordforums Community > Latest Ford News and Racing News > Ford Worldwide News
Gear in this thread - Powered by O'Reilly Auto Parts

Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
Thread Tools
Show Printable Version Show Printable Version
Email this Page Email this Page
Display Modes
Linear Mode Linear Mode

Posting Rules  
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On

For the best viewing experience please update your browser to Google Chrome