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Carlos Ghosn was expected today to tell General Motors Corp. Chairman Rick Wagoner that GM could save at least $10 billion a year by entering into an alliance with Renault SA and Nissan Motor Co., according to people close to the situation.

Ghosn, the chief executive of Renault and Nissan, was prepared to lay out the blockbuster savings target in a critical meeting with Wagoner this morning at Renault's headquarters near Paris.

Nissan-Renault's estimate that GM could save $10 billion annually within five years underscores Ghosn's belief that an alliance would reshape the global auto industry and boost the fortunes of all three automakers.

But Wagoner is unlikely to embrace or reject any potential deal with Ghosn until all available options are presented to GM's board of directors next week, according to a person familiar with the situation.

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Ghosn to GM: Deal could save $10B yearly

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