Tracinda Urges GM to Consider Nissan/Renault Tie-up

One of the largest investors in General Motors Corp. Friday urged the world's largest automaker to consider a three-way partnership with Nissan Motor Corp. and Renault SA, sending shares of GM up sharply in opening trade.

In a letter to GM Chief Executive Rick Wagoner, Tracinda Corp., the investment arm for billionaire investor Kirk Kerkorian, suggested the automaker form a committee to "immediately and fully explore" the possibility of a partnership under which Nissan and Renault would buy a "significant minority interest" in GM.