The Trio that Could Transform Autos
When billionaire investor Kirk Kerkorian's Tracinda Corp. investment firm on June 30 went public with its intention to push General Motors (GM)—in which he is a 10% shareholder—to line up with France's Renault and Japan's Nissan, the instant buzz was that it would create a potentially powerful three-way alliance. The triumvirate would shake the auto business far more than the merger a few years ago that formed DaimlerChrysler (DCX) (see BusinessWeek.com, 6/30/06, "See Kirk Makes His Move on GM").
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