Honda website
Honda website

JULY 29, 2006

Ghosn sees equity swap in Renault-GM deal

The Financial Times is reporting that Renault Nissan boss Carlos Ghosn would like to see Renault and Nissan take stakes in General Motors if the three-way deal under discussion is to go ahead. He would also like to see GM taking a shareholding in Renault and in Nissan to cement the alliance.

The logic behind the deal is that it will create a truly global car company and save billions of dollars in design and production costs as the three companies will be able to share platforms, parts suppliers and so on.

It is worth noting that the Renault-Nissan alliance did provide the Renault F1 team with some useful technology, specifically in software which Nissan had developed for Super GT racing in Japan.