GM once the hunter, is now the hunted - Renault and Nisan want to purchase stake in ailing company
With the recent announcement that foreign competitors Renault SA and Nissan Motor Co. are considering purchasing a significant stake in General Motors Corp., the hunter has become the hunted. GM, which not too long ago used its power and size to buy into smaller, less developed companies, now is potentially on the receiving end of such a transaction.
If the proposed partnership goes forward, it would reshape the global auto industry and may give struggling GM the aid it needs to revive.
No comments:
Post a Comment