Can Renault's Ghosn really save GM?

MATTHEW LYNN

The three-way alliance between General Motors, Renault and Nissan is acquiring an unstoppable moment...

The three-way alliance between General Motors, Renault and Nissan is acquiring an unstoppable momentum. Reviews are being conducted, and common shareholdings discussed. It may already be too late for either side to back out of the flirtation without huge embarrassment. It is understandable that GM is casting around for some sort of saviour. The world's largest automaker has deep, intractable problems that appear to be beyond repair. In the six years Rick Wagoner has run GM, its US market share has dropped four percentage points to 24.3% - the lowest since 1925. The world's biggest junk-ra...