Yes, you read the title correctly. In 2008, the year before General Motors went bankrupt, former CEO Rick Wagoner pitched a possible merger between GM and Ford to none other than Bill Ford himself, at least according to ‘Once Upon a Car: The Fall and Resurrection of America’s Big Three Automakers — G.M., Ford and Chrysler,’ by New York Times writer Bill Vlasic. Such a merger would have given both companies a potential 38-percent share in the U.S. market, a stalwart presence globally, and of course, more money with which to stay afloat.
Obviously, Wagoner couldn’t seal the deal, but we see that as a good thing.
Source: The New York Times