GM, Renault-Nissan Discuss Alliance
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PARIS -- General Motors Corp. Chief Executive Rick Wagoner and Carlos Ghosn, who heads Renault SA and Nissan Motor Co., met in Paris on Wednesday and agreed to continue discussions on a possible three-way global car making alliance despite signs the talks are running into difficulties.
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General Motors Corp. , Renault SA   and Nissan Motor Co (7201.T) on Wednesday said they  had broken off talks over a proposed alliance between the three  automakers.
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Senior executives at General Motors   Corp. GM.N and Ford Motor Co. F.N have discussed a merger   or alliance that would bring together the No. 1 and No. 2 U.S.   automakers, according to newspaper reports on Monday.
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General Motors Corp.&#039;s   management plans to air arguments against a proposed three-way  alliance with Nissan Motor Co. (7201.T) and Renault SA   at a meeting with its board on Friday, The Wall  Street Journal reported.
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Carlos Ghosn, head of Nissan Motor Co.  (7201.T) and Renault SA , said on Friday that a  capital alliance with General Motors Corp.  was not a  precondition to any tie-up with the U.S. automaker, adding that  the issue was not discussed with the GM team last week.
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Carlos Ghosn, who heads both Renault SA   and Nissan Motor Co.(7201.T), on Friday told  reporters he was looking forward to a &quot;brisk negotiation&quot; with  General Motors Corp.  once the two sides begin talks on  an expanded alliance.
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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 on   Wednesday after their chief executives met.
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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 on Wednesday after their chief   executives met.
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Renault/Nissan chief executive Carlos Ghosn will meet his counterpart at General Motors, Rick Wagoner, this week, a Nissan spokeswoman said as talks on a possible three-way alliance continue.
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The board of General Motors   will meet on Friday and its discussions will include a proposal  to join the alliance formed by Renault  and Nissan  (7201.T), GM said on Tuesday.
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Renault RENA.PA and Nissan 7201.T   are making progress in talks with General Motors Corp. GM.N   about forming a three-way alliance but the outcome is still   open, Carlos Ghosn said in a newspaper interview.
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General Motors Corp. GM.N is   prepared to tell Nissan 7201.T and Renault RENA.PA that its   price for a three-way alliance is a multi billion dollar   payment from Nissan and Renault, The Wall Street Journal   reported on Wednesday.
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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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A key Renault executive indicated in   quotes cited by newspapers on Tuesday that U.S. carmaker   General Motors GM.N did not share the same sense of urgency   as do Renault RENA.PA and Nissan 7201.T to fight rival   Toyota.
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Nissan Motor Co  and Chrysler LLC are in preliminary discussions to supply cars, trucks and engines to each other, a source close to the talks said on Friday.
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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 Ford Motor Co. , the two largest US automakers, briefly discussed an alliance or other type of cooperation, a person familiar with the talks said.