Well who doesn’t want to own a Peugot or a Citroën? Wasn’t there something called a Citroën-Maseratti once? Sounds like a “beautiful catastrophe.”
" GM has said the deal is designed to give GM access to Peugeots expertise in small car and hybrid vehicle technology and ultimately allow both GM and Peugeot to save money by pooling their resources. But auto industry analysts find the deal mystifying. "
The company that used to make Oldsmobiles, GMC trucks and GTO's now wants to know how to make French cars.
posted on 03/09/2012 6:48:39 AM PST
(Never take a known wise-@$$ shooting with you.)
posted on 03/09/2012 7:11:00 AM PST
by Red Badger
(If the Government can make you buy heath insurance, they can make you buy a Volt................)
"In other words, General Motors essentially just dumped more than $400 million of taxpayer assets on junk bonds."
posted on 03/09/2012 7:40:10 AM PST
("The best defense against usurpatory government is an assertive citizenry" - William F. Buckley, Jr.)
The deal will allow the Peugeot family to reduce its share of the family business.
And how will the family show its gratitude? /rhetorical
And will they show a little more finesse than the Solyndra execs?
posted on 03/09/2012 7:46:01 AM PST
(Limbaugh: Tim Tebow miracle: "He had atheists praying to God that he would lose.")
Citroen once made a car called the “Deux Chivaux” because it literally had 2 horsepower.
Hey, just put a battery and electric motor in it and sell it for $179,999!
Introducing the new people's car. The Obama 2CV.
posted on 03/09/2012 8:15:03 AM PST
(Politicans are like bananas - they start out green, turn yellow, then rot.)
Renault, Peugeot, Citroen
Three reasons why the French are known for their fine wine.
posted on 03/09/2012 9:21:35 AM PST
(It's my Herbie year...check out the number on the side of the famous VW.)
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