Despite China's car market causing upset for some Western car brands, Renault-Nissan boss Carlos Ghosn remains confident of success in the future
11 January 2016

Car makers who sell significant volumes in China have been expressing various degrees of concern about the nation’s financial jitters, with plummeting stock market values triggering predictions of a fully fledged economic crisis.

Yet although Renault-Nissan CEO Carlos Ghosn admits that he’s worried about the short-term prospects of the Chinese market, he remains confident of its long-term importance.

“It depends on your timeframe,” he told journalists at Renault-Nissan's dinner before the Detroit motor show. “Am I worried about the next three weeks, then yes, it is up and down and crazy. That is not our horizon, though; our horizon is the next three years, the next five years, and then I’m not worried.”

Ghosn remains confident that China’s demand for mobility will ensure the long-term prospects of those car makers heavily exposed to the market.

“Today in China you have, on average, 100 cars per 1000 residents,” he said. “That number is 800 in the United States and in Europe around 500. No matter how you stretch it, nobody believes that the Chinese are going to remain at 100 or even 200 per 1000 residents, knowing that Brazil is at 200, Russia is at 300, etc.

“So there is a fundamental growth coming in China. The Chinese car market increased last year by 5%, in a very mediocre year. That’s nearly as much as the United States in what we were told was a very good year.”

Mike Duff

Our Verdict

Nissan Qashqai
The Nissan Qashqai gets a new look and more functionality in an effort to attract a new generation of buyers

Can this crossover stand out now it's the norm, not the exception?

Add your comment

Log in or register to post comments

Find an Autocar car review

Driven this week

  • Audi Q2 1.4 TFSI S-Line
    First Drive
    26 June 2016
    The Audi Q2 is the German brand’s smallest SUV yet. Can it impress in production guise on European roads?
  • Ford S-Max Vignale
    First Drive
    24 June 2016
    The Ford S-Max Vignale is the company's premium executive express. Can it really be worth the extra over the standard S-Max?
  • Volkswagen Scirocco GTS
    First Drive
    23 June 2016
    Still a really fun and likeable coupé but the extra power doesn't justify the VW Scirocco GTS's high price
  • Ford Fiesta ST200
    First Drive
    23 June 2016
    Fresh from testing it abroad, we've just got our hands on the Ford Fiesta ST200 for a blat on UK roads
  • Alpina B4 Biturbo Convertible
    First Drive
    23 June 2016
    Alpina's appealing BMW M4 alternative arrives in convertible form with a more relaxed nature than BMW's M car but still impressive performance and handling