Some could see it as a “MegaMerger”, others as a “MegaDisaster”. Either way, BusinessWeek magazine learned from an unnamed source that at a few recent meetings, unammed General Motors executives shared their thoughts about the possibility of a merger with arch American rival, Ford Motor Company.However, some narrow minded fellow execs (before you start commenting, we’re being sarcastic now…) dismissed the idea as they believed a merger with a company that has even worse problems than GM would be a huge distraction at a time when management needs to focus on a turnaround.
Commenting on the report, David Cole, chairman of the Center for Automotive Research said, "I don't think a merger is likely. But you'll see a lot of options considered if they think bigger problems will come by." -Continued
What do you think about the idea of a “MegaMerger” between Ford and GM? Would GMF (that stands for General Motors Ford and not for Genetically Modified Fords…) be something worth looking into or would it be the end of both automakers?
Via: BusinessWeek
