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.
" A joint statement with GM on Wednesday said, "Renault and Nissan consider that the principle of compensation is contrary to the spirit of any successful alliance.
Carlos Ghosn , chief executive of Renault and Nissan, has made no secret of his desire to expand the current alliance to include a North American automaker.
Earlier this week, he announced GM, Renault and Nissan were calling off alliance talks two weeks before their Oct. 15 deadline because the two sides disagreed on how an agreement would be structured.
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.
Sales of the company's high-profit trucks and sport utility vehicles have slid faster than Ford expected, and Ford's rival, General Motors (nyse: GM - news - people ), has entered into talks with Renault and Nissan Motor (nasdaq: NSANY - news - people ) to create an alliance to help all three companies compete in markets across the globe.
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.
Ghosn relies on an executive committee of six people at Renault and seven at Nissan to help him set strategy and, more important, to execute his plans while he is away.
At their Brussels press conference on Wednesday the heads of Daimler and Renault-Nissan both said they were not splitting the partnership's synergies, while Ghosn added that the deal was not driven by book keeping.
The statement from Ford, the Renault-Nissan alliance and Daimler stressed the geographic spread of the firms.
BBC: Nissan FCEV on display at a car show in Brussels in January
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.
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.
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