Carlos Ghosn, Nissan Motor Co’s CEO said he anticipates the automaker to reach record sales in 2017 despite the high volatility both in currency and commodity markets.
The executive also expressed his confidence that Donald Trump administration’s U.S. trade policy will not damage the already established ties with Mexico, where majority of Nissan’s production plants are located.
An increase in prices of raw materials utilized for car production, along with the fluctuations in the yen’s value and other currencies are seen to pose risks for the auto industry, but he said this would be countered by an increasing growth trend in economies worldwide that would maintain the strong demand for cars.
He also said that he was not very concerned regarding the fate of the North American Free Trade Agreement which Trump has promised to overhaul. A renegotiation could mean new challenges for the Japanese carmaker. Trump’s pledge of slapping tariffs on countries imported from Mexico also threatens the company.
Ghosn said that as long as America’s strong trade relations with Mexico is in the interest of America, he believes that the program will continue.
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