Euro woes fail to derail Nissan

Carlos Ghosn expects Nissan sales to set an annual record. Picture: Getty
Carlos Ghosn expects Nissan sales to set an annual record. Picture: Getty
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Nissan boss Carlos Ghosn expects the car-maker to set an annual sales record, despite the mainland European market facing another tough year.

Ghosn, who heads both Nissan and French sister marque Renault, said yesterday: “I think 2013 is going to be tough and I don’t foresee any growth in 
Europe probably before the end of [Nissan’s] mid-term plan, which means not before 2016, or even later.”

Nissan, whose Sunderland-built Qashqai has been one of Britain’s best-selling cars, projected a 22.6 per cent rise in net profit for its current business year as the weakening yen allows Japanese car-makers to cash in overseas profits at more favourable rates.

It expects global retail sales of 5.3 million vehicles in the year to March 2014, up from 4.9 million.