Despite exploring an alliance with General Motors last year, Nissan-Renault is not interested in acquiring DaimlerChrysler’s Chrysler division, said a Nissan official. While Nissan-Renault is open to new partnerships, it is not looking at a new partnership right now because it is focused on its own financial woes, said a Nissan spokeswoman.

Carlos Ghosn, CEO of both Nissan and Renault has said a North American ally would be a good balance for the company. But after Nissan reported a 22 percent drop in earnings for its October-December quarter, the company has changed its priorities. Ghosn said Nissan faced a “performance crisis” that must be fixed as “soon as possible.”

“As Mr. Ghosn has said, the company right now is as it is today because it has its own problems inside and we’re not going outside to look for the solutions,” said Nissan spokeswoman Madoka Soma. “We’re not in a rush for a partner.”

With Hyundai and Nissan-Renault saying they are not interested, the list of potential buyers gets even shorter.

## Source: Forbes ##

Posted in: Chrysler, Nissan, DaimlerChrysler, Business, News, Industry, Renault
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