Renault-Nissan still looking for U.S. alliance, supports Detroit 3 bailout

>> Sunday, January 4, 2009

Speaking at the Los Angeles Auto Show today, the boss of Renault-Nissan Carlos Ghosn has reaffirmed his company's need for a "full North American partner" and pledged support for more federal aid for the Detroit 3 as a way to fuel growth in the industry. While Renault-Nissan is hopeful of one day forming an alliance with one of the Detroit 3 carmakers, Ghosn stressed that now was not the time but the move is still an important one. "No alliances, acquisitions or mergers can take place in the automobile industry, or really any industry for that matter, until the storm in the economy is gone," he explained. Of the three Detroit carmakers, Ghosn confirmed that Chrysler was the most attractive option, reports the Associated Press.

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