Kerkorian Pushes G.M. for Renault-Nissan Deal
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The billionaire investor said he was willing to spend another $400 million in stock to pressure G.M. to explore an alliance with Renault and Nissan.
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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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Investor Kirk Kerkorian on Thursday   said he could raise his stake in General Motors Corp. GM.N to   about 12 percent and urged the automaker's board to take a   central role in reviewing a potential alliance with   Renault-Nissan.
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The CEOs of General Motors Corp GM.N   and Renault-Nissan will meet this week in Paris, both sides   said on Tuesday, amid doubts ongoing talks on a possible   alliance will produce a sweeping deal by a mid-October   deadline.
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Carlos Ghosn, the head of Nissan Motor Co., and General Motors Corp. CEO Richard Wagoner plan to hold talks this week in Paris, Kyodo News agency said Monday, citing unidentified sources close to negotiations.
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Carlos Ghosn, head of Renault and Nissan, appeared upbeat ahead of a meeting with General Motors chairman and chief executive Rick Wagoner on a potential global automakers&#039; alliance.
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Billionaire investor Kirk Kerkorian says he wants to buy up to 12 million more shares in General Motors.
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Investor Kirk Kerkorian cancels plans to buy more GM shares after the firm ends tie-up talks with Renault and Nissan.
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A senior Nissan Motor Co. executive said Tuesday that his company will conclude talks on a possible tie-up with General Motors Corp. and Renault SA by mid-October, as planned.
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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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General Motors toughened its public stance on proposals that the U.S. carmaker join an alliance with Renault and its sister company, Nissan, adding to uncertainties weighing on the industry as the Paris Motor Show opens its doors Thursday.
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With the collapse of his bid to push General Motors Corp. into an alliance with two foreign automakers, Kirk Kerkorian has yet to reap a windfall on his investment in the automaker, which analysts said could drive him to seek ways to further lift the stock price.
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General Motors Corp.&#039;s  board, at  a crucial meeting on Friday, is likely to approve further  discussions on a possible alliance with Nissan Motor Co. Ltd.  (7201.T) and Renault SA , analysts said.
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Carlos Ghosn may be handed management control of both Nissan Motor and Renault, giving him the first dual-chief role in the auto industry.
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Prospects that Carlos Ghosn could link   his Renault/Nissan alliance with a major U.S. partner to form a   carmaking juggernaut failed to strike fear into the hearts of   rival automakers at the Paris car show this week.
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French automaker Renault re-tooled its management, paving the way for the arrival next year of Japanese partner Nissan Motor Company's chief Carlos Ghosn, head of its Japanese affiliate Nissan Motor Company, who will pilot both enterprises.
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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.