A new brand is not what Renault needs at the moment, instead it needs “new products and technology” Ghosn told MarketWatch. Ford, meanwhile, has revealed that it’s conducting a strategic review of Volvo and it’s tipped to sell the Swedish carmaker following the sale of its Jaguar and Land Rover labels.
As recently as July, Ghosn admitted to be still in favor of a tie-up with one of the Detroit 3 carmakers despite the fallout in talks with GM late last year. In that same time, Renault has also commenced talks with India’s Bajaj to produce low-priced models for the Indian market.