HOT SHOTS:

HOT SHOTS:
Favorite Holiday Memories

°

Homepage / Automotive
Text Size

Wagoner, Ghosn Talk About Alliance

Local 4 Reports GM Leader Feels Pushed Into Meeting

POSTED: Friday, July 14, 2006

A historic meeting between General Motors, Renault and Nissan is taking place in metro Detroit on Friday.

The meeting between General Motors Chairman and CEO Rick Wagoner and Carlos Ghosn, chief executive of Renault SA and Nissan Motor Corp., is being held at an undisclosed location. The leaders are expected to discuss a possible alliance between GM, Nissan and Renault.

Local 4 business editor Rod Meloni said he has learned Wagoner feels pushed into the alliance meeting.

Using his sway as GM's largest single shareholder, investor Kirk Kerkorian arranged the possible alliance, the station reported. He asked his automotive industry advisor and GM board member, Jerry York, to meet with Ghosn to broach the historic meeting last month, according to Local 4 reports.

Kerkorian made the idea public by filing with the Securities and Exchange Commission, surprising everyone, including GM CEO Rick Wagoner, Local 4 reported.

"I didn't know it was going to happen, and it's not the way I would have done it, and it's not particularly helpful," said Wagoner in a USA Today report on Friday morning.

"It has led to unending speculation that I generally think is not helpful to our business," added Wagoner.

Autoweek magazine publisher Rich Ceppos referred to it as needless and dangerous meddling, Local 4 reported.

"As Carlos Ghosn said, a longterm deal or no deal at all, and General Motors has so many immediate issues that, why would it want its management's focus to be diverted from those issues, which is inevitably what is going to happen," said Ceppos.

Ghosn gladly accepted the opportunity to talk and is making a carefully worded case, Local 4 reported. He said he is not going to run a third company.

"That's not what is at stake here. What is at stake here is building an alliance with a third company and supporting this company," said Ghosn.

Ghosn is expected to be at the Nissan Tech Center in Farmington Hills Friday afternoon to discuss Friday's meeting with Wagoner, Local 4 reported.

Sponsored Links

Links We Like

Sponsored Content
In the workplace it’s the little things that get you noticed and help you stand out above the rest. Do these things and increase your chances for a promotion. More

If your credit is shabby, you'll need to shore up your score to convince a lender you're worthy. Here's how to boost your point total. More

Everyone is trying to save a little cash these days, and one way to do it is by having an easy to insure car. Check out 20 cars that can save you money. More

Do you have concerns about the recommended vaccines for your child? Get the facts to clear up any confusion about vaccinations. More

Most Popular

Marketplace

  • AutoClick to Expand

  • JobsClick to Expand

    • 7 Killer Cover Letter Mistakes

      Don’t ruin your chances of landing that new job by making easy to correct mistakes on your cover letter.

    • Why Having Fun At Work Matters

      If people are having fun, they’re going to work harder, stay longer, maintain their composure in a crisis and take better care of the organization.

    • Ten Tips To Boost Your Interview IQ

      Interviewing is a learned skill, and there are no second chances to make a great first impression. So study these 10 strategies to enhance your interview IQ.

    • Learn How To Deal With Pay Cuts

      If you’re about to take a pay cut, find out how you can go about dealing with it and stay proactive about your salary.

  • WomenClick to Expand

    • Healthy Living In Your 40s

      Your guide to looking and feeling your best.

    • Manage Stress, Find Balance

      The idea of living a balanced life may seem like an oxymoron. Yet working toward balance and self-care is key to feeling in control and more joyful at home and work.

    • Weight & Exercise: The Right Mix

      Being healthy is related to how well you take care of yourself. But it’s never too late! A woman can learn new, healthy habits at any age.

  • InsuranceClick to Expand

    • Auto Insurance Quotes

      Simply enter your zip code and get great deals on your car insurance from the top companies. Click here and start saving today!

    • Health Insurance Quotes

      No matter where you live, you shouldn’t have to pay too much for health insurance. Your zip code is all you need and we’ll do the rest to find you great insurance rates.

    • Home Insurance Quotes

      Your home is your most valuable asset. So make sure you have coverage that fits your needs and doesn’t break the bank.

    • Life Insurance Quotes

      What would happen to your family if you were suddenly gone? Don’t leave their future to chance and find top quality life insurance before it’s too late.

    • Business Insurance Quotes

      Don’t take chances when it comes to insuring your business. To get the best rates from top companies in your area just enter your zip code.

  • Your LifeClick to Expand

Question Of The Day

What is your biggest shopping complaint?