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that is exactly what I have been saying...
Posted by James [Email] (more from James) on Tue, 12 Jan 2010 08:52:13
In Reply to: GM getting greedy?, TG, Tue, 12 Jan 2010 07:51:24
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... I don't believe GM has a minimum $$ figure bidders need to meet. It is like an Ebay auction where the seller raises the reserve after the reserve has been met and the auction is over.
In a sense, if not negotiating in bad faith, it is at least wasting everybody's time (and time is money). All that work to prepare a bid based on supposed targets + then have the targets change??!? I'm amazed the bidders are even bothering to work like that!
But I guess, if it gets GM a better deal (ie as long as the deal closes), business is business. Hard to say if GM is just playing their cards well, or actually doesn't want to sell the brand. Possibly GM doesn't even know!
James...
posted by 216.59.22...
Posts in this Thread:
- GM getting greedy?, TG, Tue, 12 Jan 2010 07:51:24
- Re: GM getting greedy?, PT, Tue, 12 Jan 2010 11:10:55
- Let's suppose you went to buy a car...., Noel, Tue, 12 Jan 2010 10:19:05
- As Kirk told Spock.........., MI-Roger , Tue, 12 Jan 2010 10:01:33
- that is exactly what I have been saying..., James, Tue, 12 Jan 2010 08:52:13 <-- Viewing This Message
- No question in my mind..., B Millar , Tue, 12 Jan 2010 08:46:40
- Re: GM getting greedy?, Hux, Tue, 12 Jan 2010 08:35:02
- Re: GM getting greedy?, turbocon86, Tue, 12 Jan 2010 08:23:43
- Re: GM getting greedy?, John Myers, Tue, 12 Jan 2010 08:22:03
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