Gojirra99

Washington DC September 27, 2006; The AIADA newsletter reported that General Motors is prepared to tell Nissan and Renault today that it will require a multibillion-dollar payment from the two automakers in order to agree to a three-way alliance.

GM would ask for the money to compensate for the greater value the automaker believes it would bring to any partnership, reports The Wall Street Journal.

The planned demand likely throws a wrench in the proposed alliance, and shows how far apart both sides are in reaching an agreement.

Renault-Nissan CEO Carlos Ghosn seeks a sweeping alliance which includes his companies taking ownership stakes in GM, but such a deal is unlikely to be offered or, in turn, accepted by GM Chief Rick Wagoner.

Wagoner will face his board of directors on Oct. 3, at which time he will lay out his management's analysis that an alliance would favor Nissan-Renault rather than GM.
A final decision is expected to be made by October 15.

source : theautochannel

LexFather

Very sad, they really only want to do it to say "WE ARE TEH BIGGEST" so Toyota can't make that claim.
They also will be the BIGGEST POS AUTO COMPANY out there....I'd stay from their products like Bird-Flu.....

Amazing, hell, all this would mean is GM would be #1 maybe until 2020 and Toyota will just pass them later.

THey are MISSING THE POINT. You build quality products, you have a top luxury network, PEOPLE WILL COME!! You continue to improve and attack new markets (hybrids).

THis is such small brained thinking I cannot believe they have such high ranking jobs!

Lexmex

Exactly.

It is like some of the top management in GM have this mental block that refuses to admit that most of what they produce just is not up to par. (I do like the Corvette).

What 'greater value' does GM have?

4TehNguyen

iTrader: (1)

Nissan actually makes money GM should be paying Nissan, not the other way around