http://news.yahoo.com/s/ap/20060918/ap_on_bi_ge/gm_ford
Have the lessons of HP/Compaq, Daimler-Chrysler, Compaq/DEC, the entire banking industry, etc. gone on deaf ears?
Merging two troubled companies does not make one strong company, it just doubles the number of problems (or maybe the problems have "synergy"...effectively tripling the number of problems). It's like two alcoholic codependents thinking that getting married and having kids will solve all of their problems...