GM says board to consider Tracinda proposal

DETROIT, June 30 (Reuters) General Motors Corp. on Friday said it has received no offer or proposal from Nissan Motor Co. Ltd. or Renault SA to participate in a partnership, but its board will consider the request by Tracinda Corp. to explore the possibility of an alliance.

In a letter to GM CEO Rick Wagoner, Tracinda Corp., the investment arm for billionaire investor Kirk Kerkorian, suggested the automaker form a committee to ''immediately and fully explore'' the possibility of a partnership, under which Nissan and Renault would buy a ''significant minority interest'' in GM.

''The Tracinda request will be taken under advisement by the GM board of directors,'' GM said in a statement.

REUTERS MQA VV2014