GM board approves discussions on Nissan-Renault deal
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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 ,  GM said on Friday.
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PARIS, Sept. 25 -- General Motors Corp. ought to enter an alliance with Nissan Motor Co. and Renault SA as a defense against the rising global dominance of Toyota Motor Corp., a top Renault executive said Monday.
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General Motors Corp. GM.N will   continue talks until mid-October with Renault-Nissan to create   a global alliance, GM said in a statement issued after a   Wednesday meeting between the CEOs of the automakers in Paris.
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General Motors Corp. will continue to explore an alliance with Renault SA and Nissan Motor Co. , the companies said yesterday, but questions over the benefits have stalled the talks.
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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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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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General Motors Corp. GM.N Chief   Executive Rick Wagoner said there could be further studies on   an alliance with Renault RENA.PA and Japan's Nissan 7201.T   after an Oct 15. deadline set for talks to end.
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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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Automotive parts and tire maker  Continental AG  believes the impact of the possible  merger between car firms General Motors , Renault   and Nissan (7201.T) would be mixed, a board member  told newspaper Euro am Sonntag.
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The heads of French car maker Renault   and U.S. auto giant General Motors Corp.  will  meet in Paris on Wednesday amid a report talks on a mooted  alliance could be in trouble.
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US automaker General Motors and French-Japanese partners Renault and Nissan say they will continue to discuss a potential three-way alliance, following a meeting of their chief executives here.
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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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Labor talks in Detroit intensified yesterday, with the United Auto Workers selecting General Motors as lead company in contract negotiations that analysts and auto officials say could determine the survival of the Big Three automakers.
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General Motors Corp., Renault SA and Nissan Motor Co on Wednesday said they had broken off talks over a proposed alliance between the three automakers.
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Top executives from General Motors Corp. and Nissan-Renault were set to discuss a global alliance in which plans for emerging markets could be key.
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The boards of state-owned Gaz de France and utility giant Suez SA were meeting Sunday night to discuss a new merger deal, as expectations grew that an agreement on the long-stalled tie-up was imminent.
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The heads of French car maker Renault   RENA.PA and U.S. auto giant General Motors Corp. GM.N will   meet in Paris on Wednesday amid a report talks on a mooted   alliance could be in trouble.