Thursday, November 05, 2009

GM Reversal on Opel: Pyrrhic Victory?

Thwarting the GM sale of Opel to a German-Russian consortium was a key goal of the Atlanticist lobby, to block Russo-German industrial consolidation. They have now won a victory in accomplishing this, through the use of Whitehouse intervention in appointing boardmembers to GM. The Germans are of course quite angry, while the Russians aren't too pleased either.

It remains to be seen how long their celebration will last though, as the hard realities of the business world catch up to them. Like the Muslims, the Atlanticists aren't very savvy at business.

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