The Wall Street Journal discusses General Motors (GM) and Nissan-Renault alliance, saying that the pact wouldn’t be easy, as past auto pacts show. Article highlights past failured alliances: GM-Fiat, Daimler-Benz-Chrysler and BMW-British Motor Cars.
Notablecalls: On the other hand, Carlos Ghosn has shown that he can run two auto co's at a time. Has he got any magic left for GM?
The NY Post believes that M&A deals could be mkt drivers in 2H06. Some $919bn worth of M&As were announced globally in the 2Q, the busiest deal-making qrtr in more than 6 years. If the pace of the 1H, a total of $1.8 trln in deals, is repeated in the 2H, this would be a record year for M&As. Many bankers aim to use a calmer rate enviornment as an opportunity to make hay while the sun shines. "Ppl are trying extra hard to get deals done before something bad happens," said Deutsche Bank Vice Chmn Rich Thaler.