Renault, Nissan and GM Explore Alliance Possibilities

General Motors, Renault and Nissan said that an exploratory discussion was held regarding the possibility of an industrial alliance among the three companies. Carlos Ghosn, president and CEO of Renault, SAS and Nissan Motor Co., and Rick Wagoner, chairman and CEO of GM, agreed to cooperate in an expeditious, confidential review of an alliance between the three companies. It is expected that the review will take approximately 90 days.