GM Renault/Nissan joint talks come to a close.
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GM Renault/Nissan joint talks come to a close.
http://news.yahoo.com/s/ap/20061004/...NlYwMlJVRPUCUl
DETROIT - General Motors Corp., Renault SA and Nissan Motor Co. said Wednesday that they have cut off discussions about forming a three-continent automotive alliance after GM sought compensation for its participation.
"The parties mutually recognized that significant aggregate synergies might result from the alliance," the three companies said in a joint statement. "However the parties did not agree on either the total amount of aggregate synergies or the distribution of those benefits."
"The parties mutually recognized that significant aggregate synergies might result from the alliance," the three companies said in a joint statement. "However the parties did not agree on either the total amount of aggregate synergies or the distribution of those benefits."
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