GM, Nissan and Renault to study possibility of an alliance for 90 days
General Motors, Renault and Nissan have confirmed that they would be reviewing the benefits of a potential alliance between them. These three companies would spend the next 90 days to a study of the potential savings from a tie-up.
This decision was taken after a dinner meeting on Friday in Detroit between GM CEO Rick Wagoner and Carlos Ghosn, CEO of both Renault and Nissan.
Ghosn and Wagoner in a joint statement on this decision: “We had a good discussion today, and are looking forward to having our teams work together to explore our ideas. It is important to let our teams work on this review without distraction and, therefore, we will not be providing further public comments about it at this time.”
They further added that working-level talks were expected to focus on areas such as pooling purchasing of parts and sharing vehicle platforms would get underway now.