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July 31, 2006
Ghosn rules out hostile GM takeover bid
The alliance between Renault and Nissan would not mount a hostile takeover bid for General Motors should talks on a three-way tie-up among the carmakers fail, Carlos Ghosn told a German newspaper.
"If only one partner desires cooperation it will not come to pass," Ghosn, who is chief executive of both France's Renault SA and Japan's Nissan Motor Co Ltd, told the Frankfurter Allgemeine Zeitung in an interview printed on Monday.
"This is very clear between (GM CEO) Rick (Wagoner) and me. And you can be certain that we will not do anything hostile against GM."
Link.
Posted by Frank at July 31, 2006 11:09 AM | Filed under Auto News