Over time, Nissan and Renault will build all their cars using the same innards.
In a second letter, addressed to Nissan and Renault, Kerkorian revealed he had discussed the alliance with Ghosn.
Its response was puzzling, in that neither letter indicated that the idea was coming from Nissan and Renault.
The next morning Ghosn leads a meeting of finance executives from Nissan and Renault to decide on a common bank.
Reports published on Wednesday indicated that GM wanted Nissan and Renault to pay it billions of dollars to join their alliance.
Wagoner said Wednesday that Nissan and Renault offered only to pay market price for a significant minority stake in the U.S. automaker.
Nissan and Renault, both run by superstar manager CarlosGhosnCarlos Ghosn, have been operating together in a successful international alliance in recent years.
Nissan and Renault, both run by superstar manager Carlos Ghosn , have been operating together in a successful international alliance in recent years.
He figures that Kerkorian may argue for alliances with other carmakers, much like the way he tried to push GM into deals with Nissan and Renault.
With Chrysler now part of the German DaimlerChrysler (nyse: DCX - news - people ), Ford is the only potential domestic partner for Nissan and Renault in North America.
GM???s directors also felt it was not wise for the company to use its precious cash to invest in Nissan and Renault shares at a time it is trying to return to profitability.
' moribund stock, billionaire Kirk Kerkorian today urged the world's biggest automaker to join rivals Nissan and Renault in a global alliance as a way to return to profitability after two years of losses.
Two years ago, Kerkorian tried to engineer an alliance between Nissan Motor and Renault, which already have cross-shareholdings and common management, and General Motors.
Carlos Ghosn on Wednesday raised the possibility that his Nissan Motor and Renault would seek to ally themselves with Ford Motor if his current talks with General Motors fail to lead to an accord among the three automakers.
Nissan has a market capitalization double that of Renault, even though Renault owns that 44.4% share of Nissan and Nissan owns only 15% of Renault.
In between he bounces from continent to continent in his Gulfstream, checking on various operations of both companies. (He personally oversees Nissan's North America business, where 60% of the company's profits are generated.) To keep things straight he carries two agendas in his briefcase: one for Nissan and one for Renault.
Sales of the company's high-profit trucks and sport utility vehicles have slid faster than Ford expected, and Ford's rival, General Motors, has entered into talks with Renault and Nissan Motor to create an alliance to help all three companies compete in markets across the globe.
Carlos Ghosn, the chief executive of both Japan's Nissan and France's Renault, is still interested in having an American pillar to his alliance.
The two companies have been in partnership since 1999, with France's Renault holding a 44.3% shareholding in Nissan and the Japanese company owning 15% of Renault.
We all agreed that the synergy levels were significantly in favor of Renault and Nissan, ???
By globalizing design in this fashion, Ghosn says, Renault and Nissan can each save 20% on development costs.
This has been especially beneficial for Renault and Nissan, where the corporate cultures are so different, Pelata said.
Ghosn added, however, that that Renault and Nissan will continue to focus the talks on GM for now.
Wagoner concluded that Renault and Nissan would benefit most from an alliance and therefore should pay GM a fee.
Richard Wagoner called off talks with Renault and Nissan to forge an engineering and product development alliance that Kerkorian had championed.
As we recently discussed with Mr. Ghosn, Tracinda believes that General Motors, Renault and Nissan should explore a three-company, partnership-based alliance.
Renault-Nissan and Daimler have been forming an increasingly close partnership since 2010.
BBC: Nissan FCEV on display at a car show in Brussels in January
"We are not competing with each other, " he says, referring to how Renault-Nissan and Mercedes tend to attract very different people as customers.
Ford, Renault-Nissan and Daimler have agreed to jointly develop a fuel cell system to try to speed up the availability of zero-emission vehicles.
BBC: Nissan FCEV on display at a car show in Brussels in January
Firms such as Renault-Nissan and DaimlerChrysler are striving for fairly balanced global production, meaning volume production across at least two huge regional markets.
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