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Renault CEO Unclear About Interest in Saturn, Says GM Hasn't Asked Him To Discuss the Brand (Visit this link)
Gabriele Parussini and A.H. Mooradian from the Dow Jones Newswires: Remarks from the head of French carmaker Renault suggested Wednesday that he hasn't been approached by General Motors about buying its troubled U.S. counterpart's Saturn unit. But Renault CEO Carlos Goshn was unclear about whether his company is interested in Saturn, or whether the issue has been broached with GM in some way. When asked at a news briefing whether Renault is in talks with GM, Goshn said, "GM hasn't asked us any question." Citing two people familiar with the matter, the Wall Street Journal earlier in the day reported GM was in talks with Renault about taking over its Saturn car division. The newspaper said Renault is one of several suitors interested in Saturn. When asked if Renault had been in contact with Saturn itself, Goshn said, "We cannot be in negotiations with (Saturn) because Saturn is part of GM." He added that "you are speaking as if GM had already been dismantled... that is not the case. And we can't hold discussions with brands belonging to big companies."
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