Originally Posted by Mike Wevrick
Misleading thread title
You almost gave me a heart attack.
This idea is just insane.
Can anyone think of any
successful government-owned auto company? Even one
A successful 100% government-owned company? I don't know any.
However, the French government has a stake in Renault. Renault has a stake in Nissan. Both companies are doing OK. Better than GM anyways.
EDIT: I wanted to add some concrete numbers here. The French government's stake went from 53% to 15% over the years.
Take a look here: http://www.renault.com/en/finance/ac...u-capital.aspx
It also looks like Nissan has a 15% stake as well.