![[Valid Atom 1.0]](valid-atom.png "Validate my Atom 1.0 feed")
Global Motors ? III - USA - GM board votes yes on exploring alliance
Detroit,Mich,USA -The Detroit News, by Bill Vlasic and Christine Tierney -July 07, 2006: -- General Motors' board of directors today endorsed preliminary discussions with Renault SA and Nissan Motor Co. about a three-way alliance... It's the next move in a high-stakes chess match over the future of GM, and sets the stage for a pivotal meeting on July 14 between Wagoner and Carlos Ghosn, the chief executive of Renault and Nissan... With billionaire shareholder Kirk Kerkorian demanding action, GM's directors committed today to explore the possibility of GM entering into a partnership with Renault-Nissan... GM remains a troubled company. It lost $10.6 billion last year, is burning cash and losing market share. But Kerkorian's tactics are no secret, either, which is why a lot of people aren't necessarily buying what he and GM director Jerry York are selling...
posted by Unknown @ 4:58 PM
0 Comments:
Post a Comment
<< Home