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GM-Renault-Nissan alliance talks fail
General Motors has ended talks aimed at teaming with Carlos Ghosn's Renault and Nissan, reports CNBC-TV18.
General Motors has ended talks aimed at teaming with Carlos Ghosn's Renault and Nissan, reports CNBC-TV18.
This came on the back of a dispute over General Motors' demand to be compensated for taking part in an alliance.
General Motors said in a statement that the companies recognized that significant synergies might result from the tie-up.
But the parties did not agree on either the total amount of aggregate synergies or the distribution of those benefits.