I think GM would profit from a partnership with Renault particulary. Renault is at the very top in car crash safty (they got most Euro-NCAP 5 star rated cars), which is a huge selling point when it comes to passenger cars. GM however doesn't have "any" passenger cars anybody wants to buy. Renault could help GM develop safe passenger cars, which is the financial backbone of an OEM. They won't survive selling SUVs and Corvettes.
From a preformance standpoint, Renault is the current Formula 1 champion, and they have been involved with F1 for a long time. Renault doesn't have any sports cars / preformance cars in their model lineup. GM could very well take on the preformance oriented side of the partnership, and make use of that F1 tech/experiense.
What Nissan can contribute with I don't know, beacuse all they got is S H I T. Except for the Skyline and 350Z, I'll give them that.
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