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AUTOS' DISCUSSIONS RESUME
* France - About Alliance: GM & Renault-Nissan
Paris,France -St. Louis Post-Dispatch (St.Louis,MO,USA)/AP, by Laurence Frost -28 Sept 2006: -- General Motors Corp. toughened its public stance on proposals that it join an alliance with Renault and its sister company, Nissan, adding to the uncertainties weighing on the automotive industry as the Paris Motor Show opens its doors today... For the first time, Detroit-based GM said clearly that it is unhappy with the plan on the table, as Chief Executive Rick Wagoner met for three hours on Wednesday with Carlos Ghosn, the chief executive of Renault SA and Nissan Motor Co... GM sees a smaller payoff for its own shareholders than for those of Renault and Nissan, spokesman Brian Akre said, and is seeking compensation for that imbalance as part of any deal... The proposed alliance could be "counterproductive if it allows a capacity-restrained competitor access to GM plants, thus accelerating GM market share losses," Standard and Poor's analyst Efraim Levy added... Renault and Nissan would win more savings from systems integration than GM, which already has a global system for IT and product development, U.S. critics of the alliance project say. Unlike GM, Renault and Nissan also have no heavy-duty truck platforms in the United States or hybrid vehicles powered by a combination of gasoline and either electricity or green fuels...
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