GO
Loading...

Ghosn Drives Toward Growth

Monday, 1 Feb 2010 | 2:35 PM ET

Automakers around the world have found some stabilization after trying to stabilize in 2009 in which the industry saw big players die, merge and shrink.

But Renault-Nissan CEO Carlos Ghosn is optimistic, believing the sector will see gradual growth in the new year in every market except Europe.

The big growth is not in the developed markets, though.

"The growth is in China, India, Brazil, the Middle East and in new countries like Indonesia and southeast Asia," Ghosn told Maria Bartiromo at the World Economic Forum in Davos, Switzerland.

But the real driver Ghosn believes for his and other industries is jobs. "The big problem today is unemployment. The major issues is not about the market picking up," Ghosn says, "but until unemployment picks up, the perception that this crisis is over will not go away."

Carlos Ghosn, Renault-Nissan CEO
Renault-Nissan CEO Carlos Ghosn believes the automotive sector will see gradual growth in the new year in every market except Europe, with CNBC's Maria Bartiromo.

Renault-Nissan is focusing its future on electric cars, which Ghosn believes will comprise 10% of the market. With numerous governments including the U.S., France and Japan offering incentives for electric and hybrid vehicles, Ghosn believes the price point for consumers will be equal to gasoline and diesel models.

Dorian Langlais contributed to this article.

_____________________________

_____________________________


Questions? Comments? Write toinvestoragenda@cnbc.com

  Price   Change %Change
7201.T
---