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

Nissan's second crossover album goes platinum, but can a light refresh to the Qashqai and some added extras help it hold off the advances from the Seat Ateca and Skoda Kodiaq

Add your comment

Log in or register to post comments

Find an Autocar car review

Driven this week

  • Audi RS4 Avant
    First Drive
    22 January 2018
    We get our hands on the barnstorming Audi RS4 Avant in the UK to see if this fast family estate can take the fight to the Mercedes-AMG C63 Estate
  • BMW X3
    Car review
    19 January 2018
    The stakes have never been higher for BMW’s mid-sized SUV, now the X3 in its third generation. So can it deliver?
  • Nissan Leaf
    First Drive
    19 January 2018
    Better looks, better value, better range, stronger performance and a quiet and relaxing drive make the Nissan Leaf a leading EV contender again
  • Volkswagen Up GTI
    First Drive
    18 January 2018
    Funky, light, enjoyable and even reasonably priced, the Volkswagen Up GTI is a car to be appreciated on its own compelling terms
  • Skoda Fabia 1.0 TSI 110 Redline
    First Drive
    18 January 2018
    Our first flavour of the 1.0 TSI-engined Skoda Fabia on UK roads shows it’s versatile but not all that sporty