Renault will not return to the United States, CEO Carlos Ghosn says

Article by Christian A., on January 16, 2012

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?"

If you liked the article, share on:

Comments

Recommended

There is no question that the new BMW M5 (F90) high performance sports sedan is more powerful, faster and more enticing than the previous model. But for interested customers in...
by - November 23, 2017
Following the Tesla Roadster’s electrifying revelation on Thursday, Musk’s highly ambitious goals have skyrocketed when he tweeted about his future plans for the new sports car. Well, kind of. The...
by - November 23, 2017
Earlier in November at the 2017 SEMA Show in Vegas is when Hennessey unwrapped the Venom F5 to all of us. But it was actually first introduced as a concept...
by - November 22, 2017
Mercedes-Benz just made an announcement that the 2018 E Class Cabriolet has finally landed in the United States. If you had not known, the E Class will be positioned in...
by - November 22, 2017
After a somewhat successful fray into the automotive market in China, the resurrected German automobile brand Borgward is finally heading to Europe, bringing along with it the Borgward BX7 sports...
by - November 22, 2017
Facebook

Youtube Channel

Tip Us
Do you have a tip for us?
Did you film an important event?
Contact us
Newsletter
Subscribe to our newsletter!
Subscribe
Galleries