Head of Renault and Nissan Backs Away From Detroit November 17, 2006
Carlos Ghosn, the chief executive of Nissan and Renault, said he was no longer interested in adding a North American partner. DETROIT, Nov. 16 – Carlos Ghosn, the chief executive of Nissan and Renault, said on Thursday that he was no longer interested in adding a North American partner, at least until earnings improved at the two automakers that he oversees. “We don’t think the timing is right,” said Mr. Ghosn, in his first public appearance in Detroit since alliance discussions with General Motors ended last month. “The right moment” to explore a partnership, Mr. Ghosn said after speaking to …
Fiat and Renault abandon sales-at-any-cost strategy March 20, 2006
In February, Volkswagen and Fiat were the biggest winners in the European auto market while Renault, Ford Motor and the previously hard-charging Korean auto-makers were the biggest losers. Read more