Would that be the same Delphi GM was being hammered to dump in 1999 because it's not their "core" business and didn't provide shareholder value?
Yup. Spin off your internal supply arm, make them sign a contract to sell what you need below the cost to make those parts, and proclaim it a victory. GM and Wagoner were playing Russian Roulette with a pump action shotgun.
Yes it would be... But you have to remember who was doing the hammering - investment bankers trying to drum up big $$$ for their Wall Street firms. These bankers will recommend and do almost anything (acquisitions, mergers, divestitures, buy-backs - heck they'll even come up with a 10 year plan to do all four for you) in order to generate the extremely high fees they get paid. You can be assured that when an investment banker comes to you pitching a deal, the ONLY thing he cares about is how much money it's going to put in his pocket. He couldn't care less whether it's a good or bad thing for you.