Ghosn: The fiscal cliff is our 'big gorilla'
Is there a chance the financial crisis in Europe, or the slowdown in China, could spill over into North America?
"If it exists, it's not significant," Renault-Nissan CEO Carlos Ghosn told Automotive News.
Ghosn said the "big gorilla" that threatens to slow U.S. auto sales growth next year is the fiscal cliff -- shorthand for a dilemma facing the U.S. government at the end of this year, when austere deficit reduction measures kick in if Congress takes no action.
Lawmakers could let a number of substantial tax increases and spending cuts take effect automatically, as a result of kicking the can down the road during the last congressional session. Or they could override those measures.
Ghosn is watching with interest.
"The day we're going to have an answer to this," he said, "we're going to feel much more comfortable about U.S. growth."