Ghosn speaks out: Talks with GM progressing

What quiet period? Renault-Nissan CEO Carlos Ghosn said yesterday that talks with General Motors about an alliance were going well, but that it's still too early to tell whether the three companies will wed. Ghosn and Renault-Nissan have set up an internal deadline of mid-October to provide more definition to their intentions, though Ghosn has already said that he doesn't intend to become CEO of General Motors and that Renault-Nissan would more likely buy up a chunk of the larger automaker instead.

The remarks were a rare peek at what's going on, particularly since both Ghosn and GM boss Rick Wagoner started shooing reporters away with talk of a quiet period.

[Source: BusinessWeek]