Renault won't make 'hostile' moves on GM

31st July 2006, Comments 0 comments

FRANKFURT, July 31, 2006 (AFP) - Franco-Japanese auto maker Renault-Nissan will not try to pull any hostile moves on US car giant General Motors if the current exploratory talks regarding a possible tie-up do not bear fruit, Renault-Nissan chief Carlos Ghosn said on Monday.

FRANKFURT, July 31, 2006 (AFP) - Franco-Japanese auto maker Renault-Nissan will not try to pull any hostile moves on US car giant General Motors if the current exploratory talks regarding a possible tie-up do not bear fruit, Renault-Nissan chief Carlos Ghosn said on Monday.

"You can be sure, we will not undertake anything hostile against GM," Ghosn told the daily Frankfurter Allgemeine Zeitung in an interview.

"If only one of the partners wants this tie-up, then it won't happen," he said. "We're not going to waste time trying to force something."

Renault-Nissan and GM are currently exploring the possibility of a wide-ranging cooperation, but no details have yet been agreed.

"GM is a little more sceptical" than Renault-Nissan with regard to the project, Ghosn said.

Copyright AFP

Subject: French news

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