Quote:
Originally Posted by TDK1044
Most Americans have little confidence in American made cars. Why? Easy. The average American auto worker earns a lot more than his or her equivalent Japanese worker, and produces a car with a 3 year or 36,000 mile warranty. The Japanese worker is paid well, but much less than the American worker, and produces a car with a 5 year or 60,000 mile warranty.
You don't need to be a German rocket scientist to figure out which cars the Americans will purchase.
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Plus different gas consumption, which slowly crawls even into american society's mind.
Anyway, latest headline is that FIAT confirms to have left the bidding over anger due to the american style of negotiation. And the second headline of this morning is that Magna also is close to withdrawing completely - they also make the Americans responsible for their decision. A Magna representative is quoted with having said that they are not even sure that GM really wants to sell Opel at all.
the British investment group already has ejected in the past (consider us to be lucky), and the chinese offer was so late and so amateur-like (and limited to two years in scope only) that the government has refused to take them into account any further.
After having set up already two ultimatums, there is talk about the Germans again shifting it a third time. That is what ultimatums are about
: to not care for them. Politics do not know ultimatums.
I hope that Magna jumps off, becasue the most honest and cleanest solution would be to open insolvence proceedings, which seem to be inevitable if the fourth and last bidder leaves, too. I did not like the idea of the government intervening at Opel from the beginning - Opel is no so-called
system-relevant construct.