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Renault-Nissan Keen on Closer GM Ties

By Motortrend India Staff   |   29 September,2010

Carlos Ghosn, chief executive of Renault and Nissan, has told that the Renault-Nissan alliance was interested in closer ties with US car maker, General Motors.

“Today, I remain open to closer ties with GM. If they are interested, they will come to us,” Ghosn was quoted as saying.

Ghosn also mentioned that he proposed working with GM during the crisis when he met with Steve Rattner, who ran U.S. President Barack Obama’s autos bailout task force. Rattner had instead wanted him to run GM and Ghosn said he declined, as leaving his post when the crisis was raging would have been unethical.

Reanult, Ghosn said, would eventually reach the Chinese market one day, but not in another two to three years, as its alliance partner Nissan is already in that market.

Renault is trying hard to penetrate markets outside Europe, like Russia, Brazil and India as demand in Europe stagnates after the end of scrappage schemes. Ghosn told that Nissan would sell 950,000 cars in China this year, compared to the 10,000 units sold a decade ago.

In the upcoming strategic plan, due to be unveiled in February, Renault would present more realistic targets, Ghosn said.

“The timetable of the new plan will be different. The first one referred to 2006-09; the idea this time is to give the company more perspectives, over a longer period,” he added.

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