Renault Hires Advisors for Possible Alliance
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From Reuters
AUTOS
French carmaker Renault confirmed that it was hiring two advisory banks for a possible alliance with General Motors Corp. and its existing ally, Nissan Motor Co.
GM and Renault have launched a 90-day study into the possibilities of a three-way alliance with GM.
The Financial Times said that Renault had hired investment bank BNP Paribas to advise it on a possible three-way tie-up and that the carmaker had a list of other investment banks to advise it on the deal.
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