Renault CEO says Talks with GM Progressing

JOUY-EN-JOSAS, France, Aug 31, 2006; Reuters reported that dscussions between French car maker Renault and General Motors are "progressing well," Renault Chief Executive Carlos Ghosn said on Thursday.

"It is progressing well but it is still too soon to reach a conclusion. Things are going well so far. There is a good atmosphere. We will have a review on where things stand in September and reach a conclusion on the matter by mid-October," Ghosn told reporters on the sidelines of a conference of businesses organised by French employers group MEDEF.

Ghosn declined to confirm reports that Ford had contacted Renault to open discussions in case talks with GM fell through.

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