Reality check. The cross bordered and merged motor industry is in aggregate in dead serious trouble, in the US, in the UK, in Germany, in Korea and in Japan and even Australia. The enterprises currently on fire and sinking include Daimler/Chrysler and Mitsubishi, but other ruinous episodes involve the experiments or adventures of BMW and Audi/Vokswagen. All fine brands I made add, just truely gruesomely bad at making it work in the cross border environment.
What on on earth are you guys taking (and where can I get some) in relation to the auto industry?
Please do a stock market or securities database search on Coca Cola, GE
and Ford in relation to these amazing success stories and then find your way back to 2004.
Certainly success in some markets, but disasters in others, a weakness in globalised strucutres addressed by an earlier post.
There is some light at the end of the tunnel, in that the structure of the AF
/KLM deal shows a great deal of potential for exploiting future reforms of the European aviation market and the epic and slow but maybe oneday successful attempts to reform the aviation market between the US and Europe.
Sadly in business the only mergers and acquisitions that survive over time are those where one company actually kills the other, carving up the body for the useful parts, but savings the cost of two sets of managements, two sets of legal environments, two sets of workers, two sets of distribution channels (like car dealers) and so forth.
If anyone really thinks that an American/British Airways combination controlled and headquartered in the US will be good for British air travellers, or BA
employees....just keep taking the medication. And it won't be controlled in the UK if it happens. Never will the US cede the control of a major section of its air transport industry to them blasted furriners.