Wagoner and Ghosn to meet later this month

Speculation is further being fueled that a possible alliance between General Motors and Nissan/Renault could become a reality with news coming yesterday that Rick Wagoner, the embattled yet persistent CEO of GM, and Carlos Ghosn, the superstar CEO of Nissan and Renault, will meet in Detroit later this month to, you know, catch up on things.
To refresh your memory on what's transpired so far, we'll give you a brief timeline of events that has led us to this point.

• Kerkorian: Merge GM with Nissan/Renault?
• Nissan responds to GM alliance talk
• Breaking: Renault board approves discussion of GM/Nissan deal
• Nissan/Renault knows what it wants from GM

We're not experts in mergers and acquisitions, and word on the street is comprised of equal parts support and opposition. Only one thing is clear at this point: a lot will be riding on this meeting of the minds in Motown.

[Source: Inside Line]