CANTON, Miss. -- Nissan Motor Co. Ltd. CEO Carlos Ghosn on Tuesday predicted a strong performance for Japan's third-largest automaker in Europe this year, thanks partly to a strong euro.
"We will be growing this year, I think, significantly in Europe," Ghosn told reporters during a visit to Nissan's new factory in Canton, Miss. "In a depressed market, we have been growing our volume this year so far."
Ghosn attributed the improvement partly to the new entry-level Micra, which is built off a platform shared with Renault, which owns 44.4 percent of Nissan.
He also said a strong euro had helped Nissan, which builds most of its European-sold vehicles in Japan or Britain.
"We have a completely favorable star constellation," Ghosn said. "We have the euro through the roof compared to the yen."
"We're going to show strong results in Europe, but frankly, part of it we don't believe is sustainable," Ghosn added, referring to the strong euro.