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Renault-Nissan Partnership Set to Overcome Latest Crisis, Says Ghosn

Expect a lot more consolidation in the auto industry, says Renault-Nissan CEO.

by on Oct.28, 2015

While consolidation is essential to the auto industry, it won't be easy to make work, warns Ghosn.

The 16-year-old alliance between Japan’s Nissan and France’s Renault isn’t about to break down, Carlos Ghosn, who serves as CEO of both companies, said during an appearance at the Tokyo Motor Show.

Widely considered the most successful relationship of its kind in the auto industry, questions have been raised by reports that the French government wants to raise its stake in Renault, something that could shift the power balance of the alliance. Some observers now expect Nissan – which holds no voting rights in its ally – to step in and purchase a stake in Renault.

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While Ghosn declined to address specifics, he stressed that he doesn’t see the Renault-Nissan Alliance breaking down. “From time to time you are going to have crisis, problems, divergence,” he said during his news conference, but the two companies are “aligned on the fact that the alliance has been a tremendous success.” (more…)