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Renault-Nissan talks with GM progressing well
PARIS (MarketWatch) -- Talks on an eventual three-way alliance between French automaker Renault SA (13190.FR), Japan's Nissan Motor Co. (NSANY) and General Motors Corp (GM) are progressing well, but it's too early to say what the conclusion will be, a Renault spokeswoman quoted Renault and Nissan chairman Carlos Ghosn as saying Thursday. Talking on the fringes of a conference organized by the French employers' association near Paris, Ghosn said the tone of the discussions is "positive," the Renault official said.
The three companies agreed in mid-July to look into avenues for possible industrial collaboration. Ghosn has said he has given his negotiating team until mid-October to decide whether or not an arrangement is in the interest of Renault and Nissan, in which the French company has a 44% interest.