BREAKING NEWS: Renault board of directors approve talks with GM!

A FEW hours after Renault-Nissan gave out a statement (Click here: Carscoop) corroborating rumours concerning Kirk Kerkorian’s offer to sell them his GM stakes (9,9%) and the French group just announced that the Board of Directors approved CEO Carlos Ghosn’s proposition to start potential talks with GM.

RENAULT-NISSAN OFFICIAL PRESS RELEASE

The Board of Directors of Renault met today to discuss on the events following the initiative taken by Tracinda Corporation regarding General Motors forming a new alliance with Renault and Nissan.

The Board of Directors approved the position proposed by Carlos Ghosn : Exploratory discussions with General Motors, concerning a potential alliance, could start if General Motors Corporation makes the proposal.

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