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Wall Street Breakfast: Must-Know News

GM needs to remember the outcome of the Alcatel/Lucent merger. Putting two failing/bad companies together creates one bigger, worse company. GM has made some positive moves in the recent past, while Chrysler has not and has a stable of poor selling, poorly conceived, SUVs with a couple of good cars and vans. Incrementally, the cash that GM would need to pull this off is just not there. They are going so far as to try to strong arm some local pension funds into buying/re-financing their world headquarters for <half a billion dollars, while they have a negative monthly cash burn rate of $1 billion and cash stores of $20 billion. This is just not right. They have wasted time and resources just talking about this. Let Renault/Nissan buy Ford so that they survive without Gov''t intervention as the major Detroit play. That would help and give Ford viable management. Ghosn has proven he can manage, even in light of some current weakness at R/N.