Monday, July 17, 2006

China sales boom, GM promotions around the world

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

                

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