Complex Made Simple

Ghosn forecasts 3% growth in next year’s global car market

Carlos Ghosn, the head of Renault and Nissan Motor has said global auto market is expected to grow by just 1.5% in 2013, doubling to around 3% in 2014, helped by an improvement in Europe, Reuters has reported. Europe should "see the end of the tunnel next year", Ghosn was quoted by Les Echos daily. Renault had already cut its 2013 global forecast to 2% in July from 3% in April.