Mexican Media Brands
Ghosn Raises Car Sales Forecast for Europe
Renault-Nissan CEO Carlos Ghosn predicts car sales in Europe will expand 2% to 13.3 million units this year, up from the company's estimate early this week of 1%-2% growth.
#economics
Share
Renault-Nissan CEO Carlos Ghosn predicts car sales in Europe will expand 2% to 13.3 million units this year, up from the company's estimate early this week of 1%-2% growth.
The upgrade followed Thursday's anticipated announcement by the European Central Bank of a €1.1 trillion bond purchase scheme to help stimulate the eurozone's economy. The bank says it will buy bonds at a rate of €60 billion per month through at least September 2016.
Renault's sales in Europe jumped nearly 13% to 1.46 million last year. The company's global growth was 3%. Renault expects the worldwide car market will grow 2% this year.
RELATED CONTENT
-
Ford’s $42 Billion Cash Cow
F-Series pickups generate about 30% of the carmaker’s revenue. The tally is about twice as much as what McDonald’s pulls in.
-
Enterprise Edges into Self-Driving Car Market
U.S. rental car giant Enterprise Holdings Inc. is the latest company to venture into the world of self-driving vehicles.
-
Inside Ford
On this edition of “Autoline After Hours” Joann Muller, Detroit bureau chief for Forbes, provides insights into what she’s learned about Ford, insights that are amplified on the show by our other panelists, Stephanie Brinley, principal analyst at IHS Markit who specializes in the auto industry, and Todd Lassa, Detroit Bureau Chief for Automobile.