Ghosn to GM: Deal could save $10B yearly

Carlos Ghosn was expected today to tell General Motors Corp. Chairman Rick Wagoner that GM could save at least $10 billion a year by entering into an alliance with Renault SA and Nissan Motor Co., according to people close to the situation.

Ghosn, the chief executive of Renault and Nissan, was prepared to lay out the blockbuster savings target in a critical meeting with Wagoner this morning at Renault's headquarters near Paris.

Nissan-Renault's estimate that GM could save $10 billion annually within five years underscores Ghosn's belief that an alliance would reshape the global auto industry and boost the fortunes of all three automakers.

But Wagoner is unlikely to embrace or reject any potential deal with Ghosn until all available options are presented to GM's board of directors next week, according to a person familiar with the situation.


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JUGNU - 9/27/2006 4:19:14 PM

+1 Boost

This man is really the best in the business.

JUGNU

mstangpny07 - 9/27/2006 4:35:41 PM

+1 Boost

But he looks weird :)

rocker - 9/27/2006 5:18:13 PM

+1 Boost

Sounds more like he trying to get control of the largest company in the world for a $1. He has helped turn around Nissan and Renault but there volume combined is less than half of GM.

mpls - 9/27/2006 10:58:13 PM

+1 Boost

I think this final deal to take GM is for his ego rather than anything else..

austintyson - 9/28/2006 8:10:43 AM

+1 Boost

I agree I think he is doing it for his ego. that and I don't think he is GM's answer. He might be good to great but I can see him making it worst or doing nothing at all. All those involed in GM right now have been there and know the problems and I hope are on the right track to fix them...