Ghosn Sees No European Turn-Around Anytime Soon, Or Later

Nissan and Renault co-CEO Carlos Ghosn still sees a future in the electric car, it's the European market that doesn't have great prospects of a turn-around as far as Ghosn is concerned. Ghosn does "not expect any strong recovery in the troubled European auto sector in the medium term," Reuters reports from France. "I am preparing Renault to several years of market stability, at best," Ghosn said. That's stability at low levels not seen for 20 years, mind you. While some cling to hopes for a quick turn-around (hello, Opel), Ghosn repeatedly warned of a "structural decline" of the European car market.  Simple population studies show that there will be fewer and fewer new car buyers in Europe for many decades, with no relief in sight. Ghosn's faith in electric car sales however remains unbroken. Between the two of them, Renault and Nissan will have sold a total of 100,000 electric vehicles so far by the end of June, Ghosn told Reuters. Ghosn said the alliance's investment in hybrid and electric vehicles "is not a bet, it is a certainty." Other than Europe, EV sales can only go up. from The Truth About Cars http://www.thetruthaboutcars.com

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