GM-Renault/Nissan Talks Called Off
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DETROIT -- General Motors Corp., Renault SA and Nissan Motor Co. said Wednesday that they have cut off discussions about forming a global automaking alliance.
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JAPAN&#39;S second largest carmaker, Nissan Motor, is being forced to suspend output because of a severe steel shortage. Japan&#39;s largest steel company, Nippon Steel, said it was unable to meet Nissan&#39;s request
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General Motors has raised doubts about a three-way alliance with Renault and Nissan Motor, a senior executive at Renault said.
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Renault SA and Nissan Motor Co. probably won't buy an equity stake in General Motors Corp. , according to people familiar with the companies' discussions about an alliance.
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General Motors Corp. ended talks aimed at teaming with Carlos Ghosn's Renault SA and Nissan Motor Co. because of a dispute over GM's demand to be compensated for taking part in an alliance.
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Shares of DaimlerChrysler AG fell yesterday after Nissan officials said the Renault-Nissan auto alliance is not interested in buying the German-American automaker's money-losing Chrysler division.
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Talks of a three way alliance with Renault and Nissan ended after G.M. demanded billions to cement the deal.
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PARIS/TOKYO  - The Renault-Nissan car alliance is still interested in finding a North American partner after a snub by General Motors Corp  with Ford Motor Co  emerging as an obvious candidate.
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French car maker Renault said that it was ready to discuss an alliance with General Motors, but invited the struggling US manufacturer to initiate discussions.
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Two months of talks between General   Motors Corp. GM.N, Renault SA RENA.PA and Nissan Motor Co.   7201.T have resulted in little progress toward a possible   alliance, the Wall Street Journal said on Thursday in its   online edition, citing people familiar with the matter.
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General Motors Corp  and the United Auto Workers union broke off negotiations early on Friday and agreed to return to the bargaining table later in the day, as 73,000 GM workers returned for another day of work without a new contract.
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General Motors Corp. GM.N will   continue talks until mid-October with Renault-Nissan aimed at   creating a global alliance, both sides said in a joint   statement issued on Wednesday after their chief executives met   in Paris.
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Renault Chief Executive Carlos Ghosn said   negotiators were trying to resolve differences in auto alliance   talks between the French automaker, Japan's Nissan and General   Motors.
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General Motors Corp.&#039;s  board on  Friday approved exploratory discussions on a three-way alliance  with Nissan Motor Co. Ltd. (7201.T) and Renault SA .
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General Motors Corp  and the United Auto Workers broke off negotiations in the early hours of Friday and agreed to return to the bargaining table later in the day, a GM spokesman said.
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General Motors Corp.&#039;s  board  began a meeting on Friday to discuss a three-way alliance with  Nissan Motor Co. Ltd. (7201.T) and Renault SA  as GM  shares edged up on expectations the board would approve further  consideration of the tie-up.
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The CEO of Nissan and Renault talks to TIME about his negotiations for an alliance with struggling General Motors