Monday, September 18, 2006

Report: General Motors, Ford have discussed possible merger or alliance

The Detriot Free Press reports:
High-level executives at General Motors Corp. and Ford Motor Co. have discussed possibly forming a merger or alliance, Automotive News reported today.

The negotiations began in July after Nissan Motor Co. Ltd. and Renault SA CEO Carlos Ghosn broached the possibility of an alliance among Renault, Nissan and GM, according to several people familiar with the talks, Automotive News reported.

It is not clear who launched the talks. One person said GM CEO Rick Wagoner contacted Ford Motor the day after Ghosn disclosed his plan. A second person disputed that.
This could be a huge story.