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
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