{"id":59719,"date":"2013-03-28T08:20:58","date_gmt":"2013-03-28T12:20:58","guid":{"rendered":"http:\/\/www.thedetroitbureau.com\/?p=59719"},"modified":"2013-03-28T08:20:58","modified_gmt":"2013-03-28T12:20:58","slug":"ghosn-predicts-milestone-year-for-nissan-leaf","status":"publish","type":"post","link":"https:\/\/thedetroitbureau.com\/2013\/03\/ghosn-predicts-milestone-year-for-nissan-leaf\/","title":{"rendered":"Ghosn Predicts \u201cMilestone Year\u201d for Nissan Leaf"},"content":{"rendered":"
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Nissan CEO Carlos Ghosn at the 2013 NY Auto Show.<\/figcaption><\/figure>\n

Put on the defensive by the slow ramp-up of the maker\u2019s battery cars, Nissan CEO Carlos Ghosn put on a confident face during an appearance at the New York Auto Show and promised this will be a \u201cmilestone year\u201d for the Leaf electric vehicle.<\/p>\n

With the maker\u2019s second battery-car plant now operating in Smyrna, Tennessee, the executive said inventory is up and demand rapidly growing.<\/p>\n

Ghosn, meanwhile, offered a mixed assessment of the global automotive market, pronouncing a bright outlook for the U.S. but more troubles ahead for Europe. He also offered a cautiously upbeat outlook for China.<\/p>\n

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Subscribe Now! It's Free!<\/figcaption><\/figure>\n

\u201cThis is going to be a milestone year for Leaf,\u201d Ghosn said, maintaining the positive outlook that has positioned him as the most upbeat of the industry\u2019s top executives when it comes to the prospects for vehicle electrification.\u00a0 He continues to forecast that up to 10% of the vehicles sold by decade\u2019s end will use some sort of battery power.<\/p>\n

That outlook has come under scrutiny since the Nissan Leaf launched more than two years ago, battery-cars of all forms \u2013 from conventional hybrids to full BEVs like Leaf — barely accounting for 3% of the U.S. market, and the Nissan entry missing its American sales goal for the second year in a row.<\/p>\n

Ghosn and other Nissan executives have repeatedly insisted the problem has been the lack of availability, the original Japanese battery-car plant struggling to meet demand from markets around the globe. That\u2019s no longer a viable excuse since production began in Tennessee \u2013 but demand seems to reflect the increased availability, and while it will be a few more days before final numbers are in hand, Nissan\u2019s North American marketing chief Jose Munoz said the maker expects to move about 1,900 Leaf electrics in the U.S. for March.<\/p>\n

The Leaf wasn\u2019t the only Nissan model to miss its mark last year. So did Nissan\u2019s highly touted Altima, weak demand for the midsize sedan constraining the Japanese maker\u2019s overall performance in the U.S. But there are also signs of momentum for Altima, Ghosn and Munoz told reports during an auto show news conference.<\/p>\n

That could prove even more critical than Leaf, at least in the near-term. Ghosn has set a target of reaching a \u201csustainable\u201d 10% market share in the American market, something essential to justify the hefty investments it has made here, he stressed. Last year saw a relatively weak 8%, though the numbers have begun to rebound since the beginning of 2013 and are closing on 9%.<\/p>\n

Meanwhile, the U.S. is finally getting into gear after its worse downturn since the Great Recession, Ghosn describing the market as one of the \u201cnice places in the world,\u201d with American sales likely to continue growing through at least 2016.<\/p>\n

Not so Europe, where the Brazilian-born executive had a very different forecast, anticipating at least three years of flat to negative growth.\u00a0 That will be particularly challenging for Nissan\u2019s French alliance partner, Renault, though he said he is optimistic it can improve its position in Europe to become the Continent\u2019s second-largest maker after Volkswagen AG.<\/p>\n

As for China, Ghosn insisted he remains \u201cvery bullish\u201d about what is now the world\u2019s largest automotive market despite growing uncertainty about whether the Chinese can maintain the massive momentum of the last decade.<\/p>\n

Nissan is now recovering from an unexpected setback \u2013 along with the rest of its Japanese competitors \u2013 touched off by a territorial dispute between China and Japan. That led to riots and even the destruction of some Japanese vehicles, as well as a consumer boycott.<\/p>\n

\u201cWe lost one year in China,\u201d he lamented, though Ghosn said Nissan appears to have regained its momentum and seems positioned to become the largest Japanese maker operating in the Chinese market.<\/p>\n

During his discussion with the media, Ghosn also weighed in on the controversy over the sudden rise in Japan\u2019s currency, the yen jumping from less than 80 to the U.S. dollar to around 95 in a matter of only a few months. That has led to widespread accusations of currency manipulation.<\/p>\n

Ghosn insisted that at the current level, the yen is simply \u201cneutral,\u201d or fairly priced, and finally near the 100-mark that can allow Japanese-made goods to compete worldwide.<\/p>\n

Ironically, the shift may have come too late. Like many other Japanese manufacturers, Nissan has been \u201clocalizing\u201d production, with a target of maintaining only about 1 million units of production capacity in its home market.\u00a0 That has fueled significant capacity growth in North America \u2013 including the new Leaf battery car plant.<\/p>\n

\u201cI don\u2019t think you\u2019re going to see it (production) come back to Japan,\u201d he asserted, because Nissan does not want to risk another shift in currency that again make it too expensive to produce cars in Japan.<\/p>\n

Joe Szczesny contributed to this report.<\/em><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Put on the defensive by the slow ramp-up of the maker\u2019s battery cars, Nissan CEO Carlos Ghosn put on a confident face during an appearance at the NY Auto Show and promised this will be a \u201cmilestone year\u201d for the Leaf electric vehicle. The outspoken executive had a lot more to say on a wide range of topics, and TheDetroitBureau.com files this report.<\/p>\n","protected":false},"author":2,"featured_media":59720,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","footnotes":""},"categories":[8],"tags":[],"make":[],"post-state":[],"category_old":[151],"acf":[],"_links":{"self":[{"href":"https:\/\/thedetroitbureau.com\/wp-json\/wp\/v2\/posts\/59719"}],"collection":[{"href":"https:\/\/thedetroitbureau.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/thedetroitbureau.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/thedetroitbureau.com\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/thedetroitbureau.com\/wp-json\/wp\/v2\/comments?post=59719"}],"version-history":[{"count":0,"href":"https:\/\/thedetroitbureau.com\/wp-json\/wp\/v2\/posts\/59719\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/thedetroitbureau.com\/wp-json\/wp\/v2\/media\/59720"}],"wp:attachment":[{"href":"https:\/\/thedetroitbureau.com\/wp-json\/wp\/v2\/media?parent=59719"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thedetroitbureau.com\/wp-json\/wp\/v2\/categories?post=59719"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thedetroitbureau.com\/wp-json\/wp\/v2\/tags?post=59719"},{"taxonomy":"make","embeddable":true,"href":"https:\/\/thedetroitbureau.com\/wp-json\/wp\/v2\/make?post=59719"},{"taxonomy":"post-state","embeddable":true,"href":"https:\/\/thedetroitbureau.com\/wp-json\/wp\/v2\/post-state?post=59719"},{"taxonomy":"category_old","embeddable":true,"href":"https:\/\/thedetroitbureau.com\/wp-json\/wp\/v2\/category_old?post=59719"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}