General Motors Corp., Renault SA and Nissan Motor Co. on Friday said they would continue to discuss a potential alliance between the three companies, a move could shake up the global automobile industry.

In a joint statement, the three automakers said they would study "the potential benefits of such an alliance to each company, and the feasibility of achieving them," adding the review would take approximately 90 days.

Once the review is concluded, the three firms "will consider whether further exploration of the alliance concept is warranted."

The statement followed a meeting in Detroit between Carlos Ghosn, the chief executive of both Renault of France and Nissan of Japan, and Rick Wagoner, who runs General Motors.

If combined, the three companies would control about 24 percent of the world auto market and generate revenues of 327 billion U.S. dollars.

The project could shake up the global auto industry, in addition to helping pull GM out of a financial limbo, market analysts said.

Source: Xinhua