DETROIT -- General Motors will keep talking with Nissan and Renault about a possible alliance, aiming for a decision in about three weeks, the automakers said today.
GM CEO Rick Wagoner and Carlos Ghosn, CEO of Nissan Motor Co. Ltd. and Renault SA, met in Paris today to review the progress of talks between the automakers, which began in mid-July.
In identically worded statements released after the meeting, the automakers said the three teams evaluating the potential of GM's joining the Nissan-Renault alliance will keep working. The automakers are expected to make a decision on expanding the alliance around Oct. 15.
The statements said the focus of the talks was on "how an alliance could generate significant shareholder value for each company."
The statements followed a report today in The Wall Street Journal that GM would demand billions of dollars from Renault and Nissan for agreeing to any alliance as compensation for the greater value of GM. The report said this was the latest sign that the proposed deal was in trouble.
Ghosn said today he would not comment on any specific figures that may be under discussion in alliance talks with GM.
"I will not comment on numbers," Ghosn told Reuters ahead of a speech at an industry conference.
"It's fair to say that we agreed that October 15 is the final date before acknowledging any alliance," Ghosn said.
Asked if he expected to use the full amount of time for the discussions, Ghosn said: "Yes."
Reuters contributed to this report
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