General Motors, Renault and Nissan Alliance Discussions
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[09/27/2006] PARIS--General Motors, Renault and Nissan today said that a meeting was held between Carlos Ghosn, President and Chief Executive Officer of Renault, SAS and Nissan Motor Co., Ltd. , and Rick Wagoner, Chairman and Chief Executive Officer of General Motors, Corp., regarding ongoing discussions concerning the possibility of creating an industrial alliance among these three companies.
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PARIS--General Motors, Renault and Nissan today said that a meeting was held between Carlos Ghosn, President and Chief Executive Officer of Renault, SAS and Nissan Motor Co., Ltd. , and Rick Wagoner, Chairman and Chief Executive Officer of General Motors, Corp., regarding ongoing discussions concerning the possibility of creating an industrial alliance among these three companies.
Through the work of the three study teams, our companies continue to explore the potential opportunities of an industrial alliance. The teams are conducting a thorough and objective analysis of potential synergies between all three companies with a focus on how an alliance could generate significant shareholder value for each company. Following today’s meeting, it has been confirmed that the teams will continue the studies through to the planned mid-October completion date.
Through the work of the three study teams, our companies continue to explore the potential opportunities of an industrial alliance. The teams are conducting a thorough and objective analysis of potential synergies between all three companies with a focus on how an alliance could generate significant shareholder value for each company. Following today’s meeting, it has been confirmed that the teams will continue the studies through to the planned mid-October completion date.
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