Without the Chinese, auto sector M&A right now is about as exciting as a 1981 Yugo.
Some makers still have money though, so what has everybody racing to get away?
Bad experiences, in part.
The last really big deal where two car companies merged was DaimlerChrysler in 1998. It’s best remembered this way: Spent a lot of dimes, did a lot of crying. Disaster and divorce.
A great article written years after the deal revealed telltale signs of the troubles in store for that marriage when even the order of the name – which should go first – threatened to break up the talks.