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Tell Me Another One.(Column)
Byline: Kevin A. Wilson
Who ordered a double dose of irony? Just before the Fourth of July two big headlines hit Detroit. First, investor/speculator Kirk Kerkorian touted attempts to get General Motors and Renault/Nissan to discuss an "alliance.'' And the German chairman of DaimlerChrysler, Dieter Zetsche, started appearing as frontman in TV commercials for Chrysler and Dodge.
One is tempted to sing "three cheers for the red, white and blue,'' but those are the colors of the French flag, too. Renault is partially owned by the French government and is, in turn, the dominant partner in the Renault/Nissan duo. The prospect of an "alliance'' (a bad choice of words when talking cars, Renault and America in the same breath) with GM would be daunting except that, as analyst Doug Scott from GFK Automotive told Automotive News, "...it's almost science fiction.''
Nonfiction: Kerkorian realized more than $125 million on paper on the immediate bounce of 8.6 percent on GM share values. The only real action was that he released, in public, his own letters to the boards of both Renault/Nissan and GM, proposing that the French and Japanese firms each take a 10 percent stake in the world's biggest automaker. When both boards replied, in essence, "Hmmmm,'' stock ...
- Nissan-Renault, GM call off alliance talks.
- Newspaper article from: Yomiuri Shimbun (Toyko, Japan) October 5, 2006 700+ words
...alliances, while Nissan-Renault said compensating GM would be "contrary to the...gone for a tie-up with GM, the Nissan-Renault bloc is likely to begin seeking...proposed the alliance between GM and Nissan-Renault in July, released a statement...
- Alliance between GM, Renault/Nissan still under discussion.
- Newspaper article from: Chicago Tribune (Chicago, IL) September 27, 2006 700+ words
...out of a deal compared to Renault and Nissan. So, GM is seeking "billions...shareholders." After Nissan/Renault Chief Executive Carlos Ghosn and GM Chairman and CEO Rick Wagoner...alliance with Nissan and Renault. GM's demand for more compensation...
- Alliance would not cut purchasing bill; GM already squeezes its suppliers on...
- Magazine article from: Automotive News Europe Chappell, Lindsay Saint-Seine, Sylviane de July 10, 2006 700+ words
...it doesn't need Nissan and Renault. GM already claims to have the best...in US to French involvement in GM 5. Renault already has failed twice in North...are saying about the potential GM-Renault-Nissan alliance "I have great...
- Nissan, GM, Renault eye mega-alliance.
- Newspaper article from: Yomiuri Shimbun (Toyko, Japan) July 1, 2006 700+ words
...tie-up with Nissan and Renault, saying it would "enable GM to realize substantial synergies...total of 20 percent stake in GM, with Nissan and Renault each taking 10 percent...turn, bought a stake in Renault. GM has been in trouble since...
- Clock ticking for Daewoo plant; Renault, GM, Ford have shown interest in...
- Magazine article from: Automotive News Europe Frink, Lyle Stein, Jason November 28, 2005 700+ words
...contributed * * * Heading to Romania? GM, Ford and Renault are interested in the Craiova plant...benefits of a Craiova purchase: GM * Familiarity with Daewoo system...builds vehicles only for Russia Renault * Needs capacity for Logan variants...
- Nissan, Renault, GM tie-up talks continuing after one month.
- Newspaper article from: Kyodo News International (Tokyo, Japan) August 15, 2006 700+ words
...said the Nissan-Renault alliance will not...partnership with GM if the benefits...billion, Ghosn said. GM began the talks with Nissan-Renault at the prodding...condition, allying with GM might definitely appeal to Nissan-Renault. The three companies...
- News Analysis: Comms sets tone as Renault, GM talk.(Regie Nationale des Usines...
- Magazine article from: PR Week (US) July 24, 2006 700+ words
...and its parent, Renault SA, take a 20% stake in GM. GM had to hustle...Wagoner that Nissan and Renault, featuring turnaround...was Wagoner? For GM's communications...to be simply that GM hadn't had talks with Renault/Nissan at all...
- A Renault-GM marriage is no quick fix; Europe best for savings, but also main...
- Magazine article from: Automotive News Europe July 24, 2006 700+ words
...environmental compliance. France's Renault, GM Europe and Japan's Nissan all...volume segments, synergies for a GM-Renault alliance would be even longer...The same problem is likely for Renault and GM in upper-medium cars. Renault...
Source: HighBeam Research, Tell Me Another One.(Column)