By Leftlane Staff
Monday, Jul 3rd, 2006 @ 8:53 am

Renault’s board of directors plans to meet today to discuss a possible partnership with General Motors. The news comes after major GM shareholder Kirk Kerkorian last week formally suggested to Renault- Nissan and GM that they form a three-way alliance. GM has already held one emergency board meeting, and more discussion is expected to follow. Also this morning, Nissan said its board of directors had approved exploratory discussions on the potential three-way alliance. Observers speculate that if Renault-Nissan buys only a modest share of General Motors — 20 percent as some rumors have suggested — then U.S. regulators could move quickly to approve the deal. However, if an “operation merger” is to take place, a major antitrust investigation could slow the deal. Meanwhile, some analysts expressed concerns about the idea. Japan’s Daily Yomiuri warns that if a deal doesn’t produce favorable effects, matters would only get worse. And Freep columnist Mark Phelan says the deal would do little to actually make GM’s cars better.

6 Comments
  

LeftLane

Login

  • LeftLane

    Copyright © 2005 - 2012 Left lane News.
    All rights reserved.