It was interesting, after writing my own GMRN update yesterday, to see GM actually issue a press release about the talks:
General Motors, Renault and Nissan today said that a meeting was held between Carlos Ghosn, President and Chief Executive Officer of Renault, SAS and Nissan Motor Co., Ltd., and Rick Wagoner, Chairman and Chief Executive Officer of General Motors, Corp., regarding ongoing discussions concerning the possibility of creating an industrial alliance among these three companies.
Through the work of the three study teams, our companies continue to explore the potential opportunities of an industrial alliance. The teams are conducting a thorough and objective analysis of potential synergies between all three companies with a focus on how an alliance could generate significant shareholder value for each company. Following today’s meeting, it has been confirmed that the teams will continue the studies through to the planned mid-October completion date.
No further information will be provided at this time.
Many automotive news services have been speculating about the Paris meeting, how it’ll go, what’s in it for GM, what’s in it for R-N, exactly how tall is Carlos Bonaparte?
GM’s response to this speculation, reading between the lines of this press release seems to be “Stop speculating. We’re going to do what we said we were going to do and that is talk until mid-October. Now shut the hell up”
Autoblog Green are doing an overview of all the alternative fuel sources out there in the US.
Part 1 (today) includes a look at E85 and Conpressed Natural Gas. It’s a good piece that gives some background on each of the fuels as well as a fair look at the arguments for and against. Future editions will look at Biodiesel, Electricity and Straight Vegetable Oil.
There’s some fairly good coverage of the Biopower 9-5 in the article, illustrating how turbocharging is a better use of E85 – a benefit that Saab USA will need to be all over when they finally get the Biopower car to the US market.