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TOKYO (AFP): French automaker Renault and its Japanese partner are considering a capital investment of up to 20 percent of the outstanding shares in General Motors Corp.
The possible investment plan was reported by the Kyodo news agency, quoting informed sources, the day after billionaire investor Kirk Kerkorian proposed that GM join the Nissan-Renault alliance.
Nissan and Renault are thinking of placing the necessary funds equally, the sources said.
The sources added that if realized, the three-way partnership would create a mammoth automotive group with an annual vehicle output of more than 15 million units, according to Kyodo.
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