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Jul 11, 2006

GLOBAL MOTOR II - USA - Inside GM's game plan

Under fire from Kerkorian, Wagoner and his team take go-slow approach

DETROIT,Mich,USA -The Detroit News, by Bill Vlasic -11 July 2006: -- General Motors Corp. Chairman Rick Wagoner opened the automaker's board meeting last Friday with a subtle jab at his largest shareholder's plan to ally GM with two foreign automakers... While he didn't mention Kirk Kerkorian by name, Wagoner said "some of us are mildly uncomfortable" with how the billionaire investor secretly courted Carlos Ghosn, the CEO of Renault SA and Nissan Motor Co., a GM source with direct knowledge of the meeting... But that was as provocative as Wagoner would get at possibly the most important board meeting of his career...

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