Renault-Nissan CEO Carlos Ghosn, a man who knows a few things about comebacks, says that he's not ready to write-off Detroit.  "Many people are discounting the efforts or the capacity of the Big Three to recover. I am not part of them," he stated at a news conference. He continued by saying,  "Our industry has a history of revivals. I still think that there is no hopeless case, that any company can turn around very quickly in our industry." So there's one opinion on the matter. This might also be his way of saying that we shouldn't expect Nissan to follow Toyota's lead by raising their prices for the sake of Ford and GM.

Share This Photo X