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Nissan-Renault CEO: Ssangyong could provide capacity
June 23, 2010 / 5:40 AM / in 7 years

Nissan-Renault CEO: Ssangyong could provide capacity

YOKOHAMA, Japan, June 23 (Reuters) - Carlos Ghosn, chief executive of Nissan Motor Co (7201.T) and Renault SA (RENA.PA), said on Wednesday the alliance’s interest in South Korea’s Ssangyong Motor (003620.KS) lay in its plant capacity.

South Korea-based Renault-Samsung builds some Nissan-badged cars bound for markets such as Russia and the Middle East at its factory in Busan, but needs more capacity for those models, he said.

Having more capacity in South Korea would make sense because exporting those cars from Japan would make Nissan’s cars less competitive against Korean competitors due to the yen’s strength, Ghosn said. (Reporting by Chang-Ran Kim)

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