Thursday, October 05, 2006
Nissan confirms alliance deadline
Nissan has confirmed it will conclude its talks with GM and Renault by mid-October over the merits of a three-way alliance.
The firm said the U.S., European and Japanese carmakers have until 15 October to decide on what benefits a tie-up could bring about and analyse how it could improve the shareholder value of each company.
If the three were to team up, it could create an alliance with a quarter of the global market share and a purchasing budget of £66bn.
DATED: 05.10.06
FEED: MT
The firm said the U.S., European and Japanese carmakers have until 15 October to decide on what benefits a tie-up could bring about and analyse how it could improve the shareholder value of each company.
If the three were to team up, it could create an alliance with a quarter of the global market share and a purchasing budget of £66bn.
DATED: 05.10.06
FEED: MT
