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October 24, 2007

Nissan, Renault leader Ghosn still interested in U.S. partner

CHIBA, Japan -- Carlos Ghosn, who heads the automakers Nissan of Japan and Renault of France, said Wednesday he remains interested in a partnership with a major U.S. automaker, although he is not in talks or aggressively looking just yet, according to the Detroit Free Press.

Nissan Chief Executive Carlos Ghosn told reporters the timing wasn’t right to expand the Nissan-Renault alliance, formed in 1999, because Nissan Motor Co. is now in a lull of “consolidation” before going to the next stage of growth.

He did not mention by name any of the three biggest U.S. automakers — General Motors Corp., Ford Motor Co. or Chrysler LLC.

Speculation has been growing that Chrysler and Ford may be looking for partners as they struggle to restructure their operations and boost profits.

Posted by Peter C. T. Elsworth  at 11:19 AM to Nissan | Permalink

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