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Re: GM has been looking to acquire BMW for awhile- (archive)

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Posted by Jay on November 28, 1999 at 20:57:03:

In Reply to: GM has been looking to acquire BMW for awhile-more posted by Rohith on November 28, 1999 at 20:29:43:

Very good points. The bottom line is this is obviously speculation, but if it seems that auto companies are destined for consolidation similar to what the banking industry is going through right now.

: A few years ago, GM gave an unsolicited bid to buy BMW outright. Obviously, it was declined, but GM is still interested. GM's CEO is going to retire in a few years (GM has a mandatory retirement age of 65, and he's close to that, and he might want to get out a little early), and maybe he wants acquiring BMW to be the last thing that he does.
: One thing I think would happen if Ford buys BMW(and I know I'm gonig to get burned for saying this) is that quality control will improve, and that BMW will get a huge boost. Prices would probably also drop, since BMW would benefit from Ford's incredible buying power. Jaguar is a perfect example. Jaguars, according to the latest JD Powers reports (yeah, I know that some people don't think that JD Powers is crooked) have one of the lowest problems per 100 cars. Also, the new S-Type wouldn't have existed if Ford didn't buy Jaguar, and the upcoming X400 would not either.
: I think there are a lot of people who refuse buy any American car, but American cars aren't bad- in fact, there are many great American cars. The Focus is a great car, as are the Camaro, Mustang, Intrepid, 300M, Viper, Contour, and Lincoln LS. I don't agree with those who slam American cars as low quality pieces of crap, because they aren't.
: Oh yeah, before you ask why I have a BMW if I like American cars so much, the answer is that I like this car alot.

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