Nissan has sounded an optimistic note concerning possibilities for Russian car market, which has collapsed this year in the face of Russia’s severe economic recession.
Go deeper with GlobalData
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
“The indicators are greener than they were three or four months ago,” Francois Goupil de Bouille, the freshly appointed head of Nissan’s operations for Russia, Ukraine and Kazakhstan, told Dow Jones Newswires in a telephone interview.
The Russian car market this year is running at around 50% down in last year and the sharp slump has hit all manufacturers.
Dow Jones reported that Nissan expects the Russian market to recover slightly to 1.6m vehicles in 2010 as the country’s economy picks up, helped by rising energy prices.
