Ghosn for broke?

Carlos Ghosn ranks among the best executives at turning around failing firms. So the chief executive of Renault-Nissan must be tempted by the chance to immerse himself in the industrial catastrophe that is GM. But the boards of Renault and Nissan should think long and hard about the risks of a mooted plan for GM to join the Franco-Japanese alliance. It’s unclear exactly what role Ghosn would take at GM. At least, he would have significant influence over its purchasing. Based on the savings gener...