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Latest Business News

Renault, Nissan Not Interested in Chrysler

Wednesday, February 21, 2007 5:54:43 AM
By HANS GREIMEL

TOKYO (AP) - The Renault-Nissan auto alliance is not interested in buying DaimlerChrysler's loss-making Chrysler division, despite exploring a North American partnership last year, a Nissan official said Wednesday.

Tokyo-based Nissan, 44 percent owned by Renault SA of France, is always open to new partnerships, but not right now because it is focused on its own financial woes, spokeswoman Madoka Soma said.

Carlos Ghosn, head of both automakers, entered unsuccessful partnership talks with Detroit-based General Motors Corp. last year and had said a North American ally would be a good balance for the company.


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