Nissan to conclude GM alliance talks by mid-October as planned

Tuesday, October 03, 2006
Nissan to conclude GM alliance talks by mid-October as planned
Associated Press





TOKYO -- A senior Nissan Motor Co. executive said Tuesday that his company will conclude talks on a possible tie-up with General Motors Corp. and Renault SA by mid-October, as planned.

Nissan Chief Operating Officer Toshiyuki Shiga declined to comment on a remark by GM Chief Executive Richard Wagoner that the three parties could extend their talks over a potential alliance.

Wagoner said last week that GM could continue to study a potential alliance with Renault and Nissan beyond the initially set Oct. 15 deadline for their talks.

Shiga said the GM chief and Carlos Ghosn, the chief executive officer of both Nissan and Renault, won't meet before the mid-October deadline.

The Nihon Keizai business newspaper reported over the weekend that Nissan isn't considering prolonging partnership talks with GM and will ask the U.S. automaker to reach a conclusion by the deadline on whether to move forward with an alliance with Nissan and Renault.







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