Through TheFLY's Eyes: Automotive Sector

from Theflyonthewall.com













Rumored Joint-Venture at Ford

The Fly is hearing speculation that General Motors' (GM) activist investor Tracinda sent their open letter, which contained a joint venture proposal with Nissan (NSANY) and Renault, this morning after hearing that rival automaker Ford (F) was in talks over a possible joint venture with Toyota (TM) and DaimlerChrysler (DCX). We placed calls into Ford and General Motors for comment, but as of the time of writing, neither were returned.