NYT: G.M., Renault and Nissan Agree to Study Alliance

[DeepModem Mom]

G.M., Renault and Nissan Agree to Study Alliance
By MICHELINE MAYNARD and NICK BUNKLEY
Published: July 15, 2006

DETROIT, July 14 — General Motors, Renault and Nissan agreed Friday night to begin studying whether they want to form a three-way alliance that could change the shape of the global automobile industry.

The American, French and Japanese companies, in a statement, said the review would take about 90 days.

“The potential benefits of such an alliance to each company, and the feasibility of achieving them” will be examined, the statement said. Once the review is concluded, G.M., Renault and Nissan said they “will consider whether further exploration of the alliance concept is warranted.”

The statement, issued Friday at 10:30 p.m., followed a dinner in Detroit attended by Carlos Ghosn, the chief executive of Renault of France and Nissan of Japan, and Rick Wagoner, who runs General Motors.

The dinner came two weeks to the day after G.M.’s biggest shareholder, the billionaire Kirk Kerkorian, sent letters to the three companies suggesting that they explore a deal....

http://www.nytimes.com/2006/07/15/business/15auto.html?ei=5094&en=dae14ee9aa4a3a08&hp=&ex=1153022400&adxnnl=1&partner=homepage&adxnnlx=1152936634-XEPduxy26E0ucM7p/1hapA

[lithiumbomb]

1. Ford and Honda agree to study Tempo

Sorry, I just read the headline as GM and Renault are going to dig up a Renault Alliance and study it. :)