BREAKING NEWS: Renault board of directors approve talks with GM!

A FEW hours after Renault-Nissan gave out a statement (Click here: Carscoop) corroborating rumours concerning Kirk Kerkorian’s offer to sell them his GM stakes (9,9%) and the French group just announced that the Board of Directors approved CEO Carlos Ghosn’s proposition to start potential talks with GM.


The Board of Directors of Renault met today to discuss on the events following the initiative taken by Tracinda Corporation regarding General Motors forming a new alliance with Renault and Nissan.

The Board of Directors approved the position proposed by Carlos Ghosn : Exploratory discussions with General Motors, concerning a potential alliance, could start if General Motors Corporation makes the proposal.

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