Ford and General Motors have discussed a possible merger or alliance, according to a report in Crain's Automotive News Monday.
The negotiations reportedly started in July after Nissan Motor and Renault CEO Carlos Ghosn broached the possibility of an alliance among Renault, Nissan and GM, according to several sources familiar with the talks.
According to Automotive News, one source says GM CEO Rick Wagoner contacted Ford the day after Ghosn disclosed his plan, while a second source disputes that.
In August, GM CFO Fritz Henderson discussed the proposed alliance with Ford CFO Don Leclair, said a source familiar with the talks. As of now, the two companies are not holding talks, and one source says there is a slim chance that anything will come of it.
GM spokesman Tony Cervone declined to comment on the report.
"We regularly talk to a number of people in the industry regarding business opportunities of mutual interest," Cervone said Friday. "As a matter of course, we don't comment on any of those because in many cases, they simply don't lead to anything."
Ford spokesman Oscar Suris also declined to comment.
GM is studying the Ghosn proposal to join the Nissan-Renault alliance. GM is two-thirds of the way through a 90-day study, which it is conducting with Renault and Nissan, Automotive News said.
Ghosn made his proposal that GM join the Nissan-Renault alliance at the urging of Las Vegas billionaire Kirk Kerkorian, a major GM shareholder.