Okay, let’s take two really bad examples: Ford’s creation of the Premier Automotive Group and BMW's purchase of the Rover Group.
PAG was a good idea, badly executed. Badly executed because the chums in Dearborn were a bunch of control freaks who knew Jaguar (for instance) needed a lot of discipline drummed into them and investment but who didn’t know that they really didn’t need a retro barge like the S-type (rather similar to BMW insisting that Rover should go after the pipes and slippers brigade with the Rover 75).
Despite that, Jaguar, Land Rover, Volvo, Lincoln and Aston Martin kind of made sense on paper. Jaguar and Land Rover were eventually reunited and have been making beautiful music together since 2008 (apart from the last two years although they seem to be on their way back). JLR has/had ambitions to produce 1 million cars per year from its own platforms. Volvo is probably heading the same way (700,000 units at the last count, I believe). Mazda wasn’t part of PAG but it’s done really well on its own, producing just 1.5 million cars. When BMW were trying to bail out of Rover, they did consider selling MINI to Ford at one point.
If we take those companies together, I’m saying JRT could have been an ATL Premier Automotive Group, plus MINI and a Mazda analogue in the form of Triumph. You’d be looking at around 3 million units. Not a heavyweight but if a company like JLR can support 2 marques with an annual production of 500,000 approx, I think JRT could support more with 3,000,000.
Now you might say that PAG only worked because of the backing of Ford. I’m saying that eventually, JRT would probably be sold off to another company – possibly Ford or Honda – that would give it that kind of backing. Or would merge.
Then we come to BMW’s original plan with Rover which was to almost to create a GM of premium brands as I think one car magazine called it at the time. Yes, they royally cocked it up because of incompetence from Gaydon, initial laissez faire attitude from Munich, subsequent control freakery from Munich, Tony Blair's government not lifting a finger to support the refurbishment of Longbridge, a shocking lack of vision about how BMW thought they would fit themselves in with the marques they had bought etc etc.
I still think it could have worked, though with government support, less back stabbing in the BMW boardroom and less naivete from the likes of Bernd Pischetsrieder who was Alec Issigonis’s nephew and wanted to bring back the likes of Riley!!!
Look, I’m not a romantic about these brands. I'm really not. If they don’t work, kill them. But I think they would work – and, after all, they are working IOTL. My contention is that they could have worked together.