GM u-turns over Europe!

[Tumble]

They've decided not to sell the European bit to Magna now - apparently the economy's doing better now so they want to keep it...

[kalniel]

They've been peeking over the fence at Ford's yard again

[Zak33]

/puts head in hands and sobs

this is why they are where they are... totally unable to decide upon anything and stick with it

[Saracen]

Originally Posted by Zak33

/puts head in hands and sobs

this is why they are where they are... totally unable to decide upon anything and stick with it

That's not entirely fair. I can think of at least one thing they've decided and stuck with - that they're irrational and inconsistent. They've stuck to that like superglue.

[CAT-THE-FIFTH]

Originally Posted by Saracen

That's not entirely fair. I can think of at least one thing they've decided and stuck with

The Frontera??

[Vimeous]

I can just see some GM exec looking at the plan Magna put together for recovery and thinking "Oh THAT's how you do it!"

[Barakka]

Was it not just a ploy both delaying the decision until the US stimulus package had kicked in some benefits/stability for the US arm, and secondly to get the German Govmt to stump up some cash to keep the European arm afloat on the promise that Magna would get it and keep the German factories intact.

After all Fiat pulled out because GM were insisting on a sizeable cash injection to keep Vaux/Opel afloat but without commiting to the contract/deal.