GM Board to Discuss Alliance Talks

With investors clamoring over talk about a potential alliance between General Motors (GM Quote) and two foreign-based competitors, the automaker's board plans to discuss the matter over a teleconference later this week.

While a Friday meeting was scheduled before the uproar, a GM spokeswoman said talk of the potential for a deal with Nissan and Renault will be on the front burner.

"I do believe that this recent development -- the proposal to at least think about a potential Renault-Nissan partnership -- would be among the significant issues facing the company today," said GM spokeswoman Toni Simonetti. ...