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No Renault-Nissan-Chrysler alliance

No Renault-Nissan-Chrysler alliance

Akash Vasvani March 6th, 2008 Akash Vasvani By Akash Vasvani Author March 6th, 2008
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December 31st, 1969 In an interview at the Geneva Auto Show, Carlos Ghosn, CEO of Renault-Nissan, strongly stated that he is not seeking any key alliance with American carmaker Chrysler. “We have an OE deal. Period,” Ghosn said, “I don't want you to think there's more in this.” Nissan is currently in an agreement with Chrysler to supply its Versa sedan for sale in South America. “The U.S. is in recession. We are very cautious,” he said, but also stated, “We are going to continue to do deals with everybody when they make sense,” presumably putting any major alliance plans on hold until the U.S. economy takes a turn for the better. Ghosn also spoke of Renault-Nissan’s plans for Avtovaz, their new Russian partner, of which they own a 25% stake, according to Detroit Free Press. He also spoke on plans to revise the entire line up, but added that Avtovaz could also produce Nissan or Renault vehicles too. This might prove to be a big boost for Avtovaz’s leading brand, Lada, which is in need of new platforms, equipment and drivetrains. “Russian car sales may surpass Germany to become Europe's largest single market this year,” he said. Renault, meanwhile, is working on moving slightly upscale with the help of Korean partner Samsung. Also in the pipeline is a luxury crossover for 2010.
No Renault-Nissan-Chrysler alliance

No Renault-Nissan-Chrysler alliance

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In an interview at the Geneva Auto Show, Carlos Ghosn, CEO of Renault-Nissan, strongly stated that he is not seeking any key alliance with American carmaker Chrysler. “We have an OE deal. Period,” Ghosn said, “I don't want you to think there's more in this.” Nissan is currently in an agreement with Chrysler to supply its Versa sedan for sale in South America.

“The U.S. is in recession. We are very cautious,” he said, but also stated, “We are going to continue to do deals with everybody when they make sense,” presumably putting any major alliance plans on hold until the U.S. economy takes a turn for the better.

Ghosn also spoke of Renault-Nissan’s plans for Avtovaz, their new Russian partner, of which they own a 25% stake, according to Detroit Free Press. He also spoke on plans to revise the entire line up, but added that Avtovaz could also produce Nissan or Renault vehicles too. This might prove to be a big boost for Avtovaz’s leading brand, Lada, which is in need of new platforms, equipment and drivetrains. “Russian car sales may surpass Germany to become Europe's largest single market this year,” he said.

Renault, meanwhile, is working on moving slightly upscale with the help of Korean partner Samsung. Also in the pipeline is a luxury crossover for 2010.

Tags: Industry, Renault

Posted in: Chrysler, Nissan, News


Comments (2 total)

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  1. By NaBUru38 #1, Posted: 3/6/2008

    OE stands for "original equipment", I guess.

    I love the "I don’t want you to think" part. That's a typical PR answer: I want you to think we're not doing what we're doing.

    Wouldn't Dacia and Lada eat each other's sales? The stake buying strategy still sounds strange to me.

  2. ma_tache avatar by tache #2, Posted: 12/1/2008

    Lada is seen as one of the most unreliable cars in EU while in Russia it is protected by high tax paid for vehicles made outside Russia.
    Dacia has a strong market in Romania and being made in EU has free access to the rest of EU

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