Monday, July 17, 2006

Searching for a savior

In an attempt to rescue his investment in General Motors Kirk Kerkorian has turned to Carlos Ghosn, the fellow who brought Nissan back from the dead. On Friday Ghosn, who now runs both Nissan and Renault, was scheduled to meet with GM. Ghosn performed a miracle with Nissan. He has yet to do so with Renault. Can he do it with GM?

Saturday's WSJ raised an interesting idea: merge GM and Ford. This may be the way the world is moving.

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