In Steven Rattner’s new book Overhaul: An Insider’s Account of the Obama Administration’s Emergency Rescue of the Auto Industry, the former auto task force chief explained that the job of General Motor’s CEO was first offered to Carlos Ghosn, current CEO of Renault Nissan.
“It was a gracious offer, but I had no hesitation to decline,” Ghosn said in a statement.
Ghosn went on to state that the reason he turned down the job was due to the steep decline in overall market conditions. Ghosn also said that he still sees potential in GM and Renault Nissan to form an alliance: “The potential was clear and compelling for the alliance and, I still believe, for GM,”
The plans for said alliance have previously been discussed in 2006 with CEO Rick Wagoner and Ghosn mentioned the idea again to Ratner when they met last year. The partnership could, of course, still happen – but we highly doubt it.
PS: we’ll be reading Rattner’s book soon – and recommend you do the same. Anyone in for a book club? (just kiddin’)
Source: Automotive News