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Welcome Back, GM: Nissan CEO

Nissan Leaf
Source: nissanusa.com
Nissan Leaf

Nissan CEO Carlos Ghosn told CNBC Wednesday that he is happy that GM is back, on the day that the American auto giant was staging its IPO (initial public offering).

“I think it’s great,” said Ghosn, who said his company has had a record year this year and that demand from customers and competition within the industry is strong.

“When GM went to bankruptcy, we were all worried. We are happy that they are back. The industry is coming back to health.”

Ghosn said he expects another record year in 2011 with high sales coming from the emerging markets, including in China, India, Russia and Brazil, and softer sales from Japan and Western Europe. The CEO said Nissan is the leading Japanese automaker in China.

Ghosn added that governments of other countries, such as Japan, Germany and France, have extended financial help to industries in their lands, so that the US aid to GM wasn’t unusual. He added: “It [the government assistance] has just been more clear in the United States.”