Monday, February 14, 2005

 

End Of The GM/Fiat Saga

Anyone keep a running tally on how much this little debacle ended up costing GM? I think it's around $5B, which would equal at least a couple years' worth of net profit at their current pace.

And in the "I can probably do this guy's job better than he can" category:

Gerald Meyers, a professor at the University of Michigan Business School, has
said GM executives came to regret ever having signed the original deal.


Thanks for the insight, Gerald.

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