Carlos Ghosn, the head of Nissan, was the bearer of good news today.
Ghosn sees the global automotive market rebounding thanks to increased demand.
Here in the U.S. there is an expectation of growth and the same holds true for India and China.
But Europe, not so much.
One bright spot for us here in South Florida is the belief that the South American market for cars will increase. That could be good news for our region which benefits when South America is doing well.
One of the interesting things about the automotive business is that for many companies, Ford especially, overseas can be critical. Ford is not the strongest competitor in the US market and when things were going south, it depended highly on its overseas sales to survive.
The folks running Ford are smart - and obviously GM is seeing the value of overseas sales since it decided to keep the Opel brand and grow that business.
Once again, optimism about the future of the car market is a good thing. Lets home the car buyers don't disappoint us.
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