Renault-Nissan CEO Carlos Ghosn said today an alliance with General Motors would not necessarily require an acquisition of shares. “We are not making the capital investment inside General Motors as the first element or condition,” Ghosn said. Rumors have suggested Renault and Nissan may want to buy as much as 20 percent of GM. Ghosn said he respects GM’s patriotic importance to America. “I am totally aware General Motors is an icon in the U.S.,” he said. “Because I know that, I don’t believe in anything hostile. I believe this has to be a strong partnership.”
New car price quote
Zero obligation price quote from a trusted local dealer.
07/21, 11:21 AM
posted by:
Smartone
Tahoe has the best interior, way better then the Range Rover and LX.
07/21, 12:06 PM
posted by:
GMrules
Buying 20% of GM is a guaranteed cash cow. With the direction Rick Wagoner and Bob Lutz steering the company, GM has nowhere to go but up.
07/21, 12:14 PM
posted by:
JMa
Market cap of GM ~$24 billion (per NYSE)
Total value of GM cash and investments as at Mar 31, 06 $54.7 billion (GM Q1 financial statements)
I guess Ghosn knows a bad investment when he sees one.
07/21, 1:27 PM
posted by:
Justin
Once GM becomes as profitable as it used to be.. its going to be the power house again.. Ghosn knows this.. so I dont know what him and that billionaire who requested this “alliacne” are up to.. but I dont trust them.
07/21, 2:36 PM
posted by:
Piablo
Hey, at least this isn’t shaping up to another Fiat deal. That deal was so bad it should have been, could have been, probably was, ILLEGAL.
07/21, 3:40 PM
posted by:
Bryan Detty
Piablo I agree I don’t trust what the Italian goverment probably did to have that buyout done. Funny know after GM paid off the struggeling Fiat that they were spending that money like crazy and are talking about comming back state side. On top of that I don’t trust the French even more!!!
07/21, 9:48 PM
posted by:
Uncle Sam
Don’t trust Carlos, Jerry or Kirk, there’s no GM in this proposed “alliance”………