July 14, 2006

Nissan's Starting The Lies Already

This is the exact same thing that Daimler said about the Chrysler "merger" too.

Today's the big day for the meeting between GM CEO Rick Wagoner and Renault/Nissan CEO Carlos Ghosn - and Ghosn is getting in front of the press by declaring his interest in GM and non-interest in leading GM itself. In an interview with the New York Times, Ghosn said that he wants GM to join the alliance, creating a three-part global auto empire that could be enjoined by the end of the year. Ghosn portrayed his interest in broadening the alliance as a peaceful move that would be dissuaded if GM management were not in favor of it. In another interview with CNBC, Ghosn added that he was not interested in running more than two auto companies. The Times suggests that Nissan and Renault each could take a ten-percent share in General Motors; the 20-percent share of GM could cost $3 billion.

Hattip: The Car Connection

Posted by Quality Weenie at July 14, 2006 07:09 AM | TrackBack