Renault doesn’t plan on returning to the U.S. market as it has decided to concentrate on introducing the French brand in China, according to CEO Carlos Ghosn. Fiat, a European brand that had also left the U.S. sometime ago, had recently gone back to this market with the Fiat 500 mini-car. As part of the Obama administration's restructuring of Chrysler in 2009, Chrysler was acquired by Fiat.
When Ghosn was interviewed at the Automotive News World Congress, which was held in conjunction with the Detroit auto show, Ghosn praised the profitability and the expanding market share of Nissan.
He said that Nissan has 65 models, which are either already profitable or will soon be profitable. Ghosn said that in 1999, Nissan had 43 models but only four generated profits. He said that in the coming decades, there will be a surge in automotive sales worldwide as developing countries become wealthier and as they come to appreciate the personal mobility that’s offered by this model.
Ghosn said that worldwide auto volume was 77 million vehicles in 2011. It’s possible that the industry will surpass 100 million by 2020. He said that by 2050, it’s possible that there would be a total of 2.5 billion vehicles globally, from the fewer than a billion in the present year. China is one of the fastest rising auto markets.
China sales in 1999 reached around 600,000 vehicles but in 2011, this figure was approximately 17.3 million, the biggest auto market in the world. This information raised the confidence that in the coming decades, there would be a strong demand for cars. Ghosn expressed worries about whether we should be “naively reacting to demographic shifts instead of proactively reshaping our industry, our cities and our planet?"