Ghosn: Myanmar A "Star", Europe Not Entirely Lost

Derek Kreindler
by Derek Kreindler

While Nissan CEO Carlos Ghosn is “preparing for many mediocre years” of European sales, there may be a silver lining for the company.

In an interview with Bloomberg, Ghosn focused on Southeast Asia as the next hot spot. Along with Indonesia and Vietnam, “Myanmar may be the star of future,” he said. South America and Africa were also mentioned, though specific countries weren’t mentioned.

Europe remains Ghosn’s biggest concern, though Ghosn said that “will not see any kind of Armageddon”. With Dacia sales remaining strong, Ghosn has a hedge against Renault’s flagging fortunes – and sources say that Dacia remains the only profitably “low cost” car – the launch of Datsun will be a test of how well Nissan can hang on to their low-cost magic.

Derek Kreindler
Derek Kreindler

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  • Junebug Junebug on Sep 13, 2012

    Damn, Mr Bean has a twin!

  • L'avventura L'avventura on Sep 13, 2012

    Japanese companies are falling over themselves to set-up shop in Myanmar. Chinese wages are now expensive, in Myanmar wages are cheap, $400/yr, a fraction of China's, and the cheapest in the world. Moreover there are plenty of workers that are known to be punctual and hard working. What the country lacks is proper infrastructure & consistent power supply(big issues). But the new government seems to be willing to work with factories that bring in jobs. Myanmar is China 20 years ago. Right now, a lot of companies are moving factories out of China due to high wages, labour strikes, and political uncertainty of the Communist party. South East Asia is the new star as Bertel says. Myanmar in particular, its going to be interesting to see how all these geopolitical and economic forces play out.

  • Eric the Red Eric the Red on Sep 14, 2012

    Carlos is the spitting image of Smeagal (who morphed into Gollum) a Hobbit from Tolkien's Lord of the Rings movies. Makes me seem like a geek but the truth must be spoken.

  • Jcisne Jcisne on Sep 15, 2012

    He looks like Mr. Bean after gaining some weight.

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