Automobiles and Components

Crisis Ending for Global Auto Industry: Nissan-Renault CEO

The global auto industry is driving out of a crisis, supported by increasing appetite from China, President and CEO of Nissan and Renault, Carlos Ghosn, told CNBC Friday.

Nissan CEO: Auto Crisis is Ending

"We feel more and more confident that really this crisis is ending, that the situation, little by little, is getting better," Ghosn said at the sidelines of the Beijing Auto Show 2010.

The Chinese auto market has been booming and will continue to grow in 2010, he said. "We are struggling to keep our market share or even to increase our market share. We're adding capacity, we're sending more cars. It's completely different from what's going on in the rest of the world."

When asked how Nissan performed in March, Ghosn said the automaker had "overshot" their targets in terms of volume.

Europe a 'Spot of Worry'

However, he said the only "spot of worry" remained in Western Europe, and that the industry would only know the extent of the decline in the next few months.

"It is possible that we have a severe drop in the second-half. But you know when you come out of a crisis, it's normal that everybody is really preparing for the worst and still hoping for the best, and I don't think our manufacturers are an exception."

Commenting about Nissan and Renault's alliance with Daimler, Ghosn called the deal a "win-win operation" as the partnership had a lot of synergies.

He added that they welcomed collaboration with other automakers in the long term.

"It's become more and more necessary with the development of the industry... There is room for more, and I hope that a lot of other car companies will find interest into joining the alliance."