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Carlos Ghosn's automaker mantra: Go big or you'll go away

Size matters in auto company survival, Renault and Nissan CEO Carlos Ghosn told an audience in Detroit on Tuesday. To cope with the escalating costs and scope of a global industry, successful automakers must complete a trifecta--be able to compete in every technology, every market and every segment, Ghosn said during a luncheon speech at the Detroit Economic Club “No 3 million-unit carmaker can make it,” Ghosn said, explaining why his Renault-Nissan alliance forged an alliance with Germany's Daimler AG. Competency in one or two of the three skills is not enough, and only very large companies can afford all three, he said.

U.S. Car Makers bailout fails

This is a really difficult one. Do you save the U.S. car makers from oblivion, or do you use taxpayers money to rescue them?

Ssangyong getting bullish with the Korando SX

The new Ssangyong Korando SX is to feature in a £1 million TV advertising campaign comparing price and spec with its rivals. It’s almost exactly a year since we reported Ssangyong’s return to the UK market with the Ssangyong Korando, a competitive budget compact SUV they hoped would set them on a path to sales success in the UK. Ssangyong ramped up their Korando offering in June by launching the Korando SX 4×4 at a very reasonable £18,795, although you did have to sacrifice kit – and a lump of power – to achieve the new 4×4 entry price.