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I agree
Posted by turbocon86 (more from turbocon86) on Thu, 7 Jan 2010 09:49:43
In Reply to: Re: just wondering about the sale...., TG, Thu, 7 Jan 2010 08:47:12
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It always cracks me up when I read the articles that say; "GM should just sell it" like it's some garage-sale trinket. There is so many other factors like intellectual property, pre-negotiated contracts with suppliers and dealers, potential conflicts of interest, canabalism, on and on. That's just the tip of the iceberg. I've worked for two small companies that developed products that made larger companies interested in buying us. The due diligence took nearly 8 months. And those were companies with less than 20 employees. This is an astronomical undertaking if you look at it on that level. I'm surprised it's gotten this far this quickly. GM's deadline is completely unreasonable. But to the average Joe, it looks like they are trying. It's a sham.
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