Ghosn Says GM Should Have Listened To Him In 2006 And Avoided Bankruptcy
Agent009 submitted on 11/20/2009 Official Bell & Ross Timestamp: 1:36:37 PM
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Carlos Ghosn, CEO of the Renault-Nissan alliance, said General Motors would have been far better off if it had formed a transcontinental alliance with the French-Japanese auto partnership in 2006.
"Without any doubt," he told a forum sponsored by the Council on Foreign Relations. GM and the alliance called off talks in October 2006. "We knew fundamentally that this would work, but only if it was a collaborative effort."
Ghosn reiterated that "frankly, there was a possibility to create something that would be extremely competitive" and allow the companies to share technology, best practices and a common approach. "Unfortunately, it did not happen."
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