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Quote Of The Day: Ghosn Down Memory Lane Edition
by
Edward Niedermeyer
(IC: employee)
Published: November 19th, 2009
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“Without any doubt we knew fundamentally that [a merger with GM] would work, but only if it was a collaborative effort. Frankly, there was a possibility to create something that would be extremely competitive… unfortunately, it did not happen.”
Nissan/Renault honcho Carlos Ghosn reflects on the GM merger that might have been. When asked if he was happy that the merger hadn’t gone through, Ghosn replied “when you see the disaster and the waste of energy and skills and talent, nobody can be happy.” But was he talking about GM or the failure to merge with them? And since Ghosn has us in a reflective mood, isn’t it fun to imagine how a GM-Renault/Nissan merger might have played out?
Edward Niedermeyer
More by Edward Niedermeyer
Published November 19th, 2009 4:13 PM
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It would have ended up like Packard/ Studebaker,... not Sloan/Kettering
The auto manufacturing world needs closures, not mergers.
On another planet it might've been a brilliant move. Renault-Nissan could've given GM the great little cars it needed and GM could've given R-N... um.... Well, it doesn't really matter. It's far too late now back on Earth.
Fascinating to read the comments in that linked TTAC article. No wonder GMAC had to be bailed out, and no wonder the housing bubble popped.