GM Wants Money From Nissan, Renault To Seal The Deal

The latest round of reports coming out of the Nissan-Renault-GM talks are quite sensational. Although there have been hints that Ford is on Carlos Ghosn's speed dial should things go sour with GM, according to the latest newsletter from the American International Automobile Dealers Association (AIADA) General Motors is going to tell Nissan and Renault today that their proposed deal looks good. As long as they can cough up a few billion dollars to secure the three-way alliance.

GM feels it would need the money as compensation because it would be bringing much more to the table in any partnership between the three, reports The Wall Street Journal. This doesn't sound like a simple request to get the i's dotted and t's crossed. Whereas Renault-Nissan CEO Carlos Ghosn wishes to have an alliance involving taking big stakes in GM, such a deal is unlikely.

GM Chief Rick Wagoner will go before his board of directors on Oct. 3, to outline his analysis of the proposed alliance, showing how it would favor Nissan-Renault more than GM. A final decision is expected by October 15.
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kart1 - 9/28/2006 2:17:59 PM

+1 Boost

Wagoner is gone as soon as this thing is over.

I95SPEEDINGTICKETS - 9/28/2006 5:28:02 PM

+1 Boost

Does anyone else sense that the majority of this Cash GM is looking for is more than likely gonna end up as Huge Bonuses to Wagoner and his Execs ?

G35Lover - 9/28/2006 5:45:35 PM

+1 Boost

Wagnoner doesn't know a good deal if it tore his skin with the rough egdes from the interior plastic of a cavalier.

Agent63 - 9/29/2006 4:50:29 AM

+1 Boost

Why is Nissan wanting to link with GM? That means Nissan may potentially share parts bins with GM's brands. Vice versa. This doesn't look good for Nissan.

Hey maybe a G35 will come stock all chromed out like the new Escalade with the 22" wheels options. =) haha

norak - 9/29/2006 11:39:25 AM

+1 Boost

All the firms GM gobbles up proves that it is foolish to judge a car by its badge because GM rebadges everything.

sebastianmejia17 - 9/30/2006 12:18:06 AM

+1 Boost

Does that mean Kia engines in every single Nissan vehicle????

2JZSoarer - 9/30/2006 2:18:36 AM

+1 Boost

Don't do it renault!GM will take Renault down the drain with them..I think they are trying to team up Against TOYOTA!!