- Mar 7, 2008
Ghosn: Nissan not pursuing partnership with Chrysler
According to Carlos Ghosn, CEO of Renault-Nissan, the Franco-Japanese carmaker is not interested in adding additional alliances with Chrysler at this time. While Chrysler recently inked a deal to have Nissan manufacture subcompacts to sell in South America, that is as far as it goes. "We have an OE deal. Period," Ghosn said during an interview at the Geneva Motor Show.
It seems Nissan's eyes are elsewhere. Watching GM sales in Russia double from 2006 to 2007, and believing the Russian car market may surpass Germany this year, Renault-Nissan wants its share of the pie, too. The first move was taken when Renault purchased a 25% stake in Avtovaz in December 2007. Avtovaz is Russia's largest automaker and the manufacturer of Lada, its best-selling brand. Now, the company needs to quickly transfer Nissan and Renault platforms and engines to Lada in order to modernize its lineup and compete with an increasing number of imported brands. Once that job is complete, Renault-Nissan will move towards assembling vehicles in Russia, as well.
Don't bet that Ghosn isn't still eyeing Chrysler, as he was quick to add, "We are going to continue to do deals with everybody when they make sense." Of course he will.