Heads of GM, Nissan-Renault to meet this week in Paris

Heads of GM, Nissan-Renault to meet this week in Paris
General Motors Corp. chief executive Richard Wagoner and Carlos Ghosn, head of Nissan Motor Co. and Renault SA, plan to hold talks this week in Paris, Nissan said Monday, amid anticipation about a possible tie up between the automakers.

"We can confirm that they will meet this week in Paris," Nissan spokeswoman Mihoko Takeda said. "But we are not providing any further details at this time."

The Paris Motor Show starts Thursday with a media preview.

In July, Detroit-based GM, Renault of France and Nissan of Japan announced a 90-day review of an alliance among them. GM has been stumbling amid intense competition from Asian rivals. Since November, it has been tackling major restructuring that called for closing 12 plants by 2008, slashing its work force, reducing capacity and cutting costs.

The automakers are expected to decide by Oct. 15 whether to go ahead forming a partnership, Kyodo said.
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