According to Bill Vlasic, the american giant General Motors originally had talks with Ford about a possible merger before approaching the Pentastar people. This story comes after the GM/Chrysler pseudo-bombshell from Friday night.
The New York Times also wrote an article about the merger discussions, reporting that GM approached Ford with the proposal but the FoMoCo execs shoot down the idea after several meetings. The talks included GM CEO Rick Wagoner, president Frederick Henderson, Ford’s executive chairman Bill Ford Jr. and chief exec Alan Mulally.
According to the NYT’s sources, the Blue Oval boys broke off talks in September when Ford and Mulally came to the conclusion that Ford would be better off reorganizing on its own rather than being tied to another automaker.
Recent discussions – particularly those in the cited time-frame of three or four months, when federal loans to Detroit’s Big Three were on everyone’s lips – are surely newsworthy, let’s not forget that parts sharing, from transmissions to hybrid drivetrains, have been happening routinely over the last few years. All this leads us to believe that business between Motown’s finest will continue unchanged (for better and worse) and that unbelievable headlines are exactly that.
[Sources: NYT, Detroit News]
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