FCA/GM Merger?

[Bill Stockard]

Did anyone see THIS?

Bill

 

[RustyJC]

Sergio Marchionne has previously said that, in the future, automakers need a critical mass of at least 6 million units/year to survive; FCA is at around 4.1 million units/year worldwide. Merging with GM would certainly get him over his 6 million target!

Rusty

 

[rscurtis]

I'm not buying that critical mass idea. Someone better tell Mazda, Subaru and Honda about that idea.

 

[RustyJC]

It doesn't matter whether you or I buy it or not. I was just shedding some light on Marchionne's motivation for a merger - HE believes it, and as long as he's the HMFIC, that's all that matters.

Rusty

 

[Doubleclutch]

Rusty, isn't that "HMFWIC"? It's been a while. Scary thing to be associated with GM, and all their Admin. shenanigans. Reading Bill's article makes me think those GM managers have their heads firmly and deeply buried in the sand.

 

[RustyJC]

Perhaps the California acronym is slightly different - HMFIC is the West Texas oilfield term for the Head "Individual" In Charge.

Rusty

 

[Bill Stockard]

Perhaps the California acronym is slightly different - HMFIC is the West Texas oilfield term for the Head "Individual" In Charge.

Rusty

There are other "colorful" and "descriptive" acronyms for the Head Individual In Charge also. You guys have me laughing. :-laf

Bill

 

[Tractorat]

HMFIC is the West Texas oilfield term for the Head "Individual" In Charge

First heard that when I was in the marine corps. Probably first heard it in 1967. First Ive heard it originated in Texas.

 

[RustyJC]

First Ive heard it originated in Texas.

I didn't say it originated in Texas, just that it is used in the oilfields in West Texas.

Rusty

 

[Tractorat]

I didn't say it originated in Texas, just that it is used in the oilfields in West Texas.

Oh, no sorry. I didnt mean to say that. It may have well originated there. 67 was just the first time I heard it. Probably from a Texan.

 

[Doubleclutch]

I first heard the HMFWIC... in the Navy. The W is as in "What's" In Charge. These sayings go around and around.