Renault-Nissan open to GM tie-up
Franco-Japanese auto maker Renault-Nissan is open to a possible alliance with General Motors of the United States, Renault chairman Carlos Ghosn said in an interview published Wednesday.
"I still think there are a lot of things to do with GM, that there are a lot of synergies," he told the newspaper Le Monde ahead of the opening later this week of the Paris Auto Show.
Ghosn said that during the recent economic crisis, US the government, after rescuing GM from threatened bankruptcy, suggested that he take charge of the ailing company.
"I replied that it was impossible to abandon my current responsibilities in the midst of turmoil," he told Le Monde. "I thought that that would not be at all ethical.
"Now, I remain open to a tie-up with GM," he said, adding that such an initiative would be "an opportunity rather than an obligation" for Renault-Nissan.