Renault CEO says talks with GM progressing well

By Staff
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Google Oneindia News

JOUY-EN-JOSAS, France, Aug 31 (Reuters) - Discussions between French car maker Renault and General Motors Corp. are progressing well, Renault Chief Executive Carlos Ghosn said on Thursday.

''It is progressing well but it is still too soon to reach a conclusion. Things are going well so far. There is a good atmosphere. We will have a review on where things stand in September and reach a conclusion on the matter by mid-October,'' Ghosn told reporters on the sidelines of a conference of businesses organised by French employers group MEDEF.

Ghosn declined to confirm reports that Ford Motor Co. had contacted Renault to open discussions in case talks with GM fell through.

REUTERS PKS HS1753

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