Nissan Micra IG T 90
Make Renault Nissan Micra compact at French Automobile Plant.
Carlos Ghosn, CEO of Renault SA, the third largest automaker, predicted that the European car market is likely to reduce further in 2014 and 2015, rising unemployment in Europe continues to sap consumer demand.
I think 2014, 2015 will be at best stable in Europe, Ghosn, who also heads Yokohama based Nissan Motor Co - - 43 percent owned by Renault - said in an interview today in Aix-en-Provence, in the southern France.
More realistically, we can see another decline, perhaps not as violent as profound as those we have seen in recent years, but I'm not very optimistic about the situation in Europe because I do not see not what is going to trigger, to really start to growth, particularly for the automotive industry, the CEO said the global auto market will increase from a record on demand in emerging markets, where the number of cars by residents is much lower than in Europe and the United States he said.
The European car sales fell to a low of 20 years in May, rising unemployment caused by recession in the euro falling demand zone at PSA Peugeot Citroën, Renault, Fiat SpA and General Motors Co European political leaders are seeking how to revive an economy in recession weighed by the crisis of sovereign debt, with unemployment in the 17 countries using the euro reached a record 12 2 percent in April.
As long as there will be a discussion on deficits, I think it will be a great burden on the shoulders of consumers, Ghosn said, adding that they are skeptical about economic growth anytime soon.
Like French rival Peugeot, the automaker reorganizes sales lead production in Europe in the middle of a recession Renault said in April it will build the next version of compact car Japanese partner Nissan Micra from 2016 to his country origin of France in an effort to use the excess capacity.
The decision is in part the result of an agreement-work efficiency as Renault, based in the suburb of Boulogne-Billancourt Paris, signed in March with the unions, he said that the agreement with the unions includes the reduction of staff France 17 percent and freezing pay in return this year for a promise not to close any factories in the country for three years.
We try to be very creative and we're hoping to get through the crisis without too much damage, the CEO of Renault said it expressed confidence that economic slowdowns in countries like Brazil, Russia, India and China, known as BRIC, are only temporary, and said the people with cars ratio will continue to rise there.
The BRICs are here to stay for a long time, he said it's a car for two in Europe, two times more than in Brazil and Russia, and just one car per 20 people in China, he said .
On top of that, there are new emerging countries, Indonesia, Southeast Asia, other countries in Latin America, Africa and the Middle East, Ghosn said it that made me generally optimistic for the automotive industry that we will go from record to record in terms of global sales, although contributions will change.
Make Renault Nissan Micra compact at French Automobile Plant, Renault do nissan.