GM and Renault/Nissan come back into the forefront, continuing talks

There's been a lot of buzz in the air distracting us from the proposed alliance between General Motors and Renault/Nissan, including talk about a GM alliance with Ford, purported "lukewarm feelings" within the ranks at GM about becoming aligned with the French-Japanese powerhouse, and even GM looking for cash as part of the deal.

Not to worry.

GM and Renault/Nissan have clambered back up to the forefront with a press release distributed this morning, stating that talks are still happening and the possibility of a merger is still under consideration.

GM chairman and CEO Rick Wagoner and Renault/Nissan CEO Carlos Ghosn met today with the Paris Motor Show as their backdrop, hinting that a decision could be made in as early as three weeks. The two sides said in today's statements that GM, Nissan and Renault will continue to explore "how an alliance could generate significant shareholder value for each company."

[Source: Automotive News]

Reader Comments (Page 1 of 1)

Add your comments

Please keep your comments relevant to this blog entry. Email addresses are never displayed, but they are required to confirm your comments.

When you enter your name and email address, you'll be sent a link to confirm your comment, and a password. To leave another comment, just use that password.

To create a live link, simply type the URL (including http://) or email address and we will make it a live link for you. You can put up to 3 URLs in your comments. Line breaks and paragraphs are automatically converted — no need to use <p> or <br /> tags.








Autoblog Podcast #152: Paukert Enhanced!

Chris Paukert joins the usual crew of Chris, Sam, and Dan, summarily classing up the joint.

 
 

Featured Galleries

  • 2011 Buick Regal Live Unveiling
  • BMW Concept 6
  • Zenvo ST1 Details
  • SEMA 2009: HPP Daytona Challenger
  • LA Design Challenge 2009 Competitors
  • SEMA 2009: 1962 Chevrolet Corvette C1-RS
  • SEMA 2009: Bigfoot
  • SEMA 2009: Black Bison Toyota Alphard
  • Ford's Inflatable Seat Belts
  • 2011 Porsche Boxster Spyder
  • Shelby Turbocharged Mustang
  • Jetta TDI Cup Street Edition

AOL Autos

Find Your Next Car

Autoblog Video


Autoblog Green

Daily Finance

Download Squad

Engadget

Joystiq

Autoblog Spanish

Switched.com

FanHouse

Asylum