Renault boss still eyes N. American partner
Ghosn tells French paper he is still looking add partner to Renault-Nissan alliance.

PARIS (Reuters) -- Carlos Ghosn, chief executive of Renault and Nissan, said he was still eyeing an alliance with a North American partner, according to a newspaper interview released on Sunday.

Standard & Poor's said on Thursday General Motors Corp. (Charts) was unlikely to join the Renault-Nissan alliance, adding that it provided too much "execution risk" for GM, the world's biggest automaker.

The Wall Street Journal and Detroit News newspapers reported on Friday that two months of talks between GM, Renault and Nissan had resulted in little progress toward an alliance.

Ghosn told French daily Le Parisien in an interview due to be published on Monday that he was thinking about broadening the Renault-Nissan alliance to a North American partner, but did not name any companies.

"It (the broadened alliance) will be able to crystallize on two conditions: finding synergies and a similar appetite on the part of the three firms' management teams," Ghosn said.

"I can tell you that as far as the synergies are concerned, they will be significant," he added.

There would be greater profits for the three companies thanks to cost reductions and shared investments, he said.

"Now we are discussing how and how far we can push this project ... We will have the conclusions on October 15," he added.

The company accepted the consequences of a currently "rather poor" range of products, Ghosn said.

"We must close ranks, grit our teeth, until September 2007," he said, when asked if he expected a difficult year to come. Top of page

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Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer. Morningstar: © 2018 Morningstar, Inc. All Rights Reserved. Factset: FactSet Research Systems Inc. 2018. All rights reserved. Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2018 and/or its affiliates.