Will Toyota Make a Play for GM?

Could Renault and Nissan have a competitor in their effort to form an alliance with General Motors? Top executives at Toyota Motor are mulling their own overture to GM to head off rival Nissan from forging an alliance that could help the Japanese-French car company, according to people with knowledge of the Japanese auto maker's plans. General Motors' Chairman and CEO G. Richard Wagoner Jr. met with Carlos Ghosn, chief executive of Nissan and Renault, in Detroit on Friday, July 14, to discuss how the three auto companies might pursue an alliance.