Carlos Ghosn says no more alliances for a while
Renault-Nissan CEO Carlos Ghosn doesn't expect to see any more big auto alliances in the near future. That actually shouldn't be a surprise when we're seeing Detroit automakers actually unwinding their existing relationships. With General Motors looking tot unload part or all of Saab, Opel, HUMMER and Saturn and Ford still trying to sell Volvo, no other automakers appear to be much interested in getting larger right now. According to Ghosn, part of that is because there aren't enough sufficiently large lines of credit available. Ghosn recently told an interviewer that last year, banks were lending automakers money at 3.5-4 percent, a figure that has now jumped to 9 percent if they can get a loan at all. Until financial markets stabilize, most automakers wil simply be doing whatever they can to remain solvent.
[Source: Automotive News Europe]
Reader Comments (Page 1 of 1)
TigerMil 9:38AM (3/02/2009)
Betcha Carlos' private jet still flys.....wherever he wants! ROFLMAO!
Reply
Len_A 9:41AM (3/02/2009)
Betcha you're right!! LOL!!
hyundaifans.com 9:49AM (3/02/2009)
Running companies spread out all over, Carlos does need a corporate jet. His kind of business cannot be conducted on commercial flights.
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TigerMil 10:30AM (3/02/2009)
Don't get me wrong...I'm not criticizing Ghosn!! Corporate jets da bomb! They're something to aspire to when you get to be a master of the universe!
monkeykat2 10:32AM (3/02/2009)
Looks like he's about to be violated by that microphone.
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BigWill 11:33AM (3/02/2009)
"You gots a real purdy mouth, Carlos!"
(cue banjo music)