GM/Nissan/Renault merger in the works!

[saadie]

ook .... .
good move by nissan .. who knows next year Renault F1 would be called Nissan F1 hehe ..... just kidding .. offcorse

[Global Warming]

Originally Posted by Marty ook .... . good move by nissan .. who knows next year Renault F1 would be called Nissan F1 hehe ..... just kidding .. offcorse

But Nissan and Renault (Renault own 44% of Nissan) have owned parts of each other since 2002. Thats why the Z has a crappy Renault engine in it and not a real Nissan engine.

[ae86_16v]

Wow, Ghosn is amazing.

[DesertWombat]

Originally Posted by HeilSvenska Originally Posted by ZfrkS62 Originally Posted by HeilSvenska It's not a merger. It'll never happen. Kirkorian is an idiot and GM will never work with Nissan. One of the largest investors in General Motors Corp. on Friday urged the world’s largest automaker to consider a three-way partnership with Nissan Motor Corp. and Renault, sending shares of GM up sharply. As much trouble as GM is in right now, it would definetly benefit them. As it stands, GM has no ties with Japanese automakers that i am aware of anymore. They used to be tied with Suzuki and Toyota when they were selling Geos, but now, i think they are pretty much on their own. Nonsense, they still own 20% of Fuji Heavy Industries, the owner of Subaru, and has "alliances" with Suzuki and Isuzu which employ GM platforms sometimes on their cars.

Actually GM sold its stock in Fuji Heavy Industries and most of its stock in Suzuki.

I also doubt this suggestion by Kirk Kerkorian will happen. Having come back from near bankruptcy, I dont think Nissan or even Renault want to try and fix another car company anytime soon. If anything they are looking for sound investments that will give them a good return in the near future. I have heard that Renault was considereing buying a premium brand.

[HeilSvenska]

Actually GM sold its stock in Fuji Heavy Industries and most of its stock in Suzuki.

right...for cash.

[TNT]

partnerships are way different then mergers. Nissan is a large and stable company. GM is tring to get some asian know-how and parts and is tring to boost its profits and all that by buying/partnering with everyone it can. I think the only person that really could find this helpful is GM. Nissan and Renault need to stay away.

[sads]

Well GM need to do somthing before they get worse and the Renault/Nissan deal has obviously been working for both parties but with out a lager majority I can't see how it would help them too much.

[jakaracman]

If Renault/Nissan agree to this, then Ghosn (their boss) is not as smart as he looks like. Stupid would be better word.
Whay bother one of more succesfull alliances with a carmaker with a lot of debt, blood thirsty and stupid union and downright hilarious product portfolio (excep some Opel products in Europe and some Australian stuff)? No sense ...

[TopGearNL]

Not a good idea

[graywolf624]

Well please name some others. I can not think of a single platform sharing situation where one company does not own some of the other.

Lets see.. previous mentioned Honda and Gm.
Chrysler ford and GM structural composites
Toyota and Gm fuel cells.

Those are just projects I remember.

Nissan is a large and stable company

Ummm no they aren't. They are having major problems with falling demand in Japan. They cut production last month dramatically. They are much better then they were in the 90s when they nearly went under, but they certainly arent what I would call a great investment.

Sales in the US are suffering as well:

Nissan could use a lift. Although the company's margins are the best in the business, its pipeline of fresh vehicles for the American market has dried up. The last new model in the U.S. was the Xterra SUV in February, 2005. Despite rising incentives, Nissan's April U.S. sales were down 1.7% from a year earlier, while Toyota Motor Corp.'s (TM ) rose 8.5% and Honda Motor Co.'s (HMC ) were up 6.8%. On Apr. 20, Nissan announced it would stop manufacturing at plants in Tennessee and Mississippi for six days to cut inventories. Worse, the Sentra's delay means Nissan has a smaller window of opportunity to create a hit compact just as gas prices rise and sales in the category take off. Honda's Civic has sold well since being redesigned last fall. And Toyota is expected to launch a new Corolla next year. "We've lost a little bit of market share because of the delay, and Toyota and Honda seem to roll out a new model every six months," says Frank Hernandez, a manager at Stevens Creek Nissan in Santa Clara, Calif.

http://yahoo.businessweek.com/magazine/content/06_24/b3988071.htm