An AP story that ran widely around the country, including the above-named newspapers, speculates about what billionaire investor Kirk Kerkorian might do next now that GM has spurned his attempts to force the company into a three-continent alliance with Nissan Motor Co. in Japan and Renault in France . Wayne State law professor Peter Henning said a proxy fight to take control of GM's board of directors would not be a good idea, since GM would be able to use its resources to stave off a takeover. He also noted that "Kerkorian has awfully deep pockets" so finances wouldn't necessarily be an obstacle to his finding a means for gaining more control over the automaker.