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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