Nissan has set a deadline of October 15 for tie-up talks with alliance partner Renault and General Motors, saying it is also looking at options other than a capital tie-up, Kyodo News reported.
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The reported remarks echo those of GM CEO Rick Wagoner who recently said said that there are a range of options for working together. Wagoner also homed in on the idea that the two companies might develop further joint projects similar to the current European light commercial vehicle collaboration in joint development and manufacturing.
‘A capital tie-up is one option, but there are many cases that go well without shares being held,’ Nissan Motor co-chairman Itaru Koeda said in an interview with Kyodo News.
Koeda said Nissan has set a deadline of October 15 for the current negotiations between the Nissan-Renault group and GM, Kyodo reported.
Renault-Nissan and GM are currently exploring the possibility of a wide-ranging cooperation, but no details have yet been agreed.
In July, the three car makers agreed to conduct a 90-day review of the potential benefits of an alliance that could create an automobile giant with a combined annual production of 15m vehicles.
The study came after GM shareholder Kirk Kerkorian called for the car makers to pursue an alliance.
