Dec 3, 2006

Auto Gambling?

When the trio deal between GM, Nissan & Renault didn't happen, it was all over for Kerkorian. His words were no more a pressure tactic on GM's CEO Wagoner. Now, he is more like a gambler, a person who owns Casinos who atlast made a decision to sell all of his stake in GM. One headache gone for Wagoner, now its high time for him to make some turn arounds with the greatest backing from the board of directors.

Well, its in fact high time to act because Japanese auto makers are not showing any slow down in US market - Toyota just tipped Ford from No.2 spot.

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