One of the motor industry’s leading figures has predicted that the decline in US automobile sales in 2002 will not nearly be so severe as some pundits have predicted.

Speaking on French television last week, Carlos Ghosn, Chief Executive of Nissan Motor Company said the market would pick up by 2003 at the latest. "I do not think the 2002 market will decline sharply in the US - I think 2002 should show a slight decline ... compared to 2001," he said.

Share this story: