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Renault-Nissan’s Ghosn Raises Caution Flag for U.S. Auto Market

Exec expects NAFTA to survive, despite threats from Trump.

by on Sep.28, 2017

Carlos Ghosn relinquished his title as Nissan CEO this year to focus more on Mitsubishi.

After months of decline, September could bring some good news for U.S. automakers, with a modest upturn in new vehicle sales. But don’t expect that upturn to last long, warns Carlos Ghosn, CEO of the Renault-Nissan Alliance.

The Brazilian-born executive said that sales in the U.S. market are likely to remain “stable,” meaning no growth. On the other hand, he told CNBC he doesn’t expect the serious downturn that some observers have begun to worry about after months of weak sales.

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Beyond the Headlines!

Asked if there’s an opportunity for the American market to grow, following three record years of sales, Ghosn said, “I’m not planning on that,” adding that, “For the next six years we’re seeing a stable U.S. market (but) we don’t see growth in the U.S.”

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