Nissan CEO expects record 2017 sales growth


YOKOHAMA: Japanese automaker Nissan Motor Co will post record sales in 2017 as a stronger global economic growth buoys demand for the industry, offsetting the impact of volatile currency and commodity markets, Chief Executive Carlos Ghosn said.
Ghosn, who is also CEO of alliance partner Renault, said he was confident US trade policy under President-elect Donald Trump would continue to promote strong ties with Mexico, where Nissan produces cars for export to the United States.
There have been worries about the risk of rising costs for Nissan and its rival automakers if Trump makes good on promises to renegotiate the North American Free Trade Agreement (NAFTA) or slap tariffs on vehicles imported from Mexico.
According to its latest global sales figures, Nissan sold 4.52 million over January to October, after posting record sales of 5.42 million cars and trucks worldwide in 2015. — Reuters