Carlos Ghosn sure hopes GM doesn’t go bankrupt

Renault-Nissan CEO Carlos Ghosn doesn’t want to see GM go bankrupt. And that’s not because he’s nice. “Nobody likes to see a competitor in a difficult position, because it usually messes up the whole market,” he says. “Any disruption today is going to add more to the problems of the industry.”

Ghosn was here at TIME this afternoon for a chat. We’ll get a transcript of the discussion up on TIME.com next week, but for now I thought I’d throw out a few quotes I jotted down.

On Washington possibly bailing out the Detroit Three: “We think any support that will happen will be mirrored in other regions. The U.S. will be setting the tone for the global industry.”

On the future of the auto industry: “I don’t think you have any substitute for car transport … People are going to continue to buy cars. This is going to continue to grow, especially in emerging markets … In emerging markets, the car is still the most desirable object, by far.”

On whether the economic downturn will affect Renault-Nissan’s plans to begin offering electric cars in 2010 and roll out a full line in 2012: “I will do whatever is necessary to preserve this. We’ll preserve it no matter what happens.”

On whether the whole electric car thing is for real: “This is not going to be a gadget this time.”

On today’s low gas prices: “I don’t think anybody thinks this is going to last.”

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  • bryanfromhouston

    Justin,
    -
    The dirty little secret that they don’t discuss at the White House or in treasury is that the car business is getting closer and closer to the airline industry’s knowledge sharing model.
    -
    Toyota and GM collaborate just like Nissan and Chrysler. Further, the upstream and down-line suppliers make products for everybody. The simple example is that I purchased a Bosch cowl for my old BMW. Guess who also makes some similar pieces for another new car that I just purchased? Paulson and Bush will have to save GM, if for no other reason, that they have no idea of the interconnection between all of the companies. This is another Lehman moment unfortunately. While it might feel good to stand on principle one day, you’ll feel silly eating crow the next if you have to go to Congress hat in hand asking for an AIRP (Automobile Industry RP) before Bush’s term concludes.

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