- Jun 30, 2006
Kerkorian: Merge GM with Nissan/Renault?
Kirk Kerkorian may have found a way to get Carlos Ghosn to work for General Motors -- merge Nissan/Renault with GM.
The billionaire investor and head of Tracinda Corp., a GM shareholder to the tune of 9.9 percent, sent GM chief Rick Wagoner a letter proposing "that General Motors' Board of Directors establish a committee to immediately and fully explore, together with management, a possible opportunity to join the partnership-alliance between Renault, S.A. and Nissan Motor Co., Ltd." In a filing, Tracinda also indicated that it had been in contact with Ghosn regarding Nissan/Renault's interest in taking a minority stake in GM.
[Source: Associated Press via ABCnews.com]