Mergers within Renault-Nissan-Mitsubishi alliance possible but not a goal: Ghosn

Mergers within Renault-Nissan-Mitsubishi alliance possible but not a goal: Ghosn

Carlos Ghosn, Chairman and CEO of Renault, speaks during the French carmaker Renault's 2017 annual results presentation at their headquarters in Boulogne-Billancourt, near Paris, France, February 16, 2018. REUTERS/Gonzalo Fuentes
PARIS: The head of Renault, Carlos Ghosn, on Friday did not rule out the possibility of mergers among members of the Renault-Nissan-Mitsubishi alliance
but said this was not necessarily a goal.Asked in an interview on France's BFM Business whether mergers could happen to reinforce the alliance, Ghosn said: "Why not", before adding that that this was not "an objective in itself."The Renault-Nissan-Mitsubishi alliance said on Thursday it would speed up the convergence between the three companies on how they work in key areas, as part of a broader plan to deliver cost savings and boost profits.Asked about automaker Geely's purchase of a US$9 billion stake in Mercedes maker Daimler, which emerged earlier this week, Ghosn said the Chinese's group's "strategy was a little difficult to understand."(Reporting by Gwenaelle Barzic, Writing by Sarah White, Editing by Leigh Thomas)
Source: Reuters
 Source : http://www.channelnewsasia.com/news/business/mergers-within-renault-nissan-mitsubishi-alliance-possible-but-not-a-goal--ghosn-10006856