Ghosn denies overstretched at Nissan-Renault
Carlos Ghosn has denied he overstretched himself when in 2005 he become chief executive of Renault as well as Nissan, and said that on the contrary it made sense for him to 
head both automakers. Ghosn said in an interview with the London-based Financial Times that the Japanese automaker's recent profit slump is "disappointing" but Japan's number three auto maker is still "extremely profitable".
"If I were running two independent companies with no synergies, it would be too much. These two companies have a lot in common and that's why I'm here," he was quoted as saying.
Nissan, which is owned by Renault 44 percent, continues to struggle-its net profits slumped for a third straight quarter after suffering its first drop in annual profits last year under Ghosn, the first foreigner to head a major Japanese company and oversaw an impressive recovery. Nissan reported last week that it maintains its forecast for a recovery in earnings for the full year. Ghosn told the FT in an interview at Renault's head office in Paris that he still thinks that expanding the alliance is a good strategy, indicating he was still open to a possible tie up with a major US automaker, after talks broke down last year on opening the Nissan-Renault alliance to troubled General Motors.
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