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Nissan, Renault eye 3 areas for GM tie-up: press

Iran Materials 5 July 2006 11:30 (UTC +04:00)

(Reuters) - Nissan Motor Co. (7201.T) and Renault SA (RENA.PA) are looking at three main areas of potential cooperation with General Motors Corp. (NYSE:GM - news) -- parts procurement, environmental and safety technology, the Nihon Keizai business daily reported on Wednesday.

The Nihon Keizai said Nissan and Renault would form a team to discuss specific tie-up plans if the U.S. automaker's board gave the green light for partnership talks to precede, reports Trend.

Nissan and Renault have said they are prepared to start talks with the world's largest automaker about forming an alliance that could create the world's largest auto group.

GM's highest profile shareholder, billionaire Kirk Kerkorian, has proposed that GM management immediately begin exploring a potential alliance.

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