More GM news

[V8TV]

From the GM PR wire...

CORPORATE NEWS

GM, RENAULT, NISSAN ISSUE JOINT STATEMENT . . . GM, Renault and
Nissan
said last week that an exploratory discussion was held between Carlos
Ghosn, president and CEO of Renault, SAS and Nissan Motor Co., Ltd.,
and
Rick Wagoner, chairman and CEO of GM, regarding the possibility of
creating an industrial alliance among the three companies. The
companies
agreed to cooperate in an expeditious, confidential review of the
potential benefits of such an alliance to each company and the
feasibility of achieving them. “We had a good discussion today, and
are
looking forward to having our teams work together to explore our
ideas,”
said Wagoner and Ghosn. “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.” It is expected that
this
review will take about 90 days. Following the review, the companies
will
consider whether further exploration of the alliance concept is
warranted.