New York, June 30 – According to Xinhua News Agency, Kirk Kirkian, the third-largest shareholder of General Motors (GM), revealed on Friday that Renault and Nissan are exploring the possibility of inviting GM to join their existing alliance. The proposal includes the potential purchase of general-purpose shares by GM. Kirkian’s investment firm, Trasinda, conveyed this information in a letter addressed to GM CEO Rick Wagoner. The letter stated that both Renault and Nissan have shown interest in bringing GM into their partnership, emphasizing the potential for enhanced competitiveness in the global market. In the same letter, Trasinda also addressed Nissan’s CEO Carlos Ghosn and Renault’s chairman Louis Schweitzer, expressing confidence that a tripartite alliance could significantly boost competitive strength. The letter highlighted the synergies already achieved between Renault and Nissan in design, manufacturing, and market operations, which have led to cost reductions and increased profitability. Trasinda, holding a 9.9% stake in GM, urged the automaker's board to seriously evaluate the proposal. The company believes that joining forces with Renault and Nissan could unlock new opportunities for GM in an increasingly competitive industry. On the same day, GM issued a statement confirming that it is reviewing the proposal but has not yet received any formal offers or plans from either Renault or Nissan. Meanwhile, Nissan also released a statement, mentioning that Ghosn has been in discussions with Kirkian and Trasinda to assess the potential benefits of a broader collaboration. Analysts believe this development could mark the start of a major merger or strategic alliance in the automotive sector, similar to Daimler-Benz’s acquisition of Chrysler in 1998. JP Morgan analyst Patel suggested that if GM agrees to join the alliance, it could be a positive long-term move for shareholders. However, some experts remain skeptical, citing the complexity of integrating three large companies as a significant challenge. Currently, Renault holds a 44.4% stake in Nissan, while Nissan owns a 15% stake in Renault. Both companies describe their relationship as “open and cooperative.” This latest development signals a potential shift in the automotive landscape, with implications for future industry dynamics.

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