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Since the sales volume of the global automobile market shrinks year by year and the new crown epidemic situation is superimposed, the sales performance of the world's major multinational models has been severely reduced. Even though the current market has shown clear signs of recovery, in the view of former Nissan CEO Ghosn, there is still some time for the auto industry to recover, and during this period many companies will still face a difficult situation.

Since carlos ghosn, nissan's former CEO, successfully fled japan to Lebanon last year, he gave a rare interview to CNBC, during which he not only expressed his current and future views on the auto industry, but also mentioned nissan once again.

Even if an effective vaccine is developed, it could take at least a year for the auto industry to fully return to normal in the face of the current spread of the new crown epidemic, Mr. Gohn said. As a result, many companies will face a difficult situation during this period and suffer a lot of blows. It will even be shuffled by the industry, allowing these companies to reintegrate and jointly meet future challenges, which will also include Nissan.

As the automotive industry moves towards electrification, companies lacking vision will likely be targets for acquisitions by companies with good financial performance or clear future plans, including in electric vehicles, and Nissan-Renault-Mitsubishi will likely be among them.

Tesla is like a leader in a new field (electric cars), according to Ghosn, and CEO Elon Musk is visionary, as can be seen from the company's trends and returns. Ghosn revealed that Nissan and Renault, which he has seen and learned so far, are developing in opposite directions, and that the company is still looking for excuses for wrong decisions in a downward environment. Ghosn said he is pessimistic about the future of both companies. Nissan and renault-nissan alliance had no immediate comment.

According to the performance of Reynolds-Nissan this year, as Ghosn said, affected by factors such as the new crown pneumonia epidemic, both companies suffered losses to varying degrees.

According to Renault's previous earnings report for the first half of 2020, the net loss in the first half of this year was nearly 7.4 billion euros, far below the net profit of 970 million euros in the same period last year. That's more than double renault's losses at the height of the financial crisis in 2009.

Renault's sales performance is also not optimistic, with 1.26 million vehicles sold in the first half of the year, down 34.9% year-on-year; revenue of 18.4 billion euros, down 34.3% year-on-year from 28.05 billion euros in the same period last year.

However, Renault pointed out in the announcement that the deterioration of the performance of alliance partner Nissan was one of the reasons for Renault Group's serious losses, Renault believes that nearly 7.4 billion euros of losses in the first half of the year, 4.8 billion euros due to Nissan drag.

Similarly, Nissan is currently in a deep loss dilemma. The company said it expects to lose 670 billion yen for the current fiscal year (April 2020 to March 2021). Nissan's earnings report released in May showed a loss of 671.2 billion yen in fiscal 2019. This means Nissan may have suffered huge losses for two consecutive fiscal years.

Tensions between Nissan and Renault also continued to worsen, though, linked to the arrest of former Nissan chairman Ghosn. Earlier, Ghosn revealed at a press conference that after his arrest, the Reynolds-Nissan-Mitsubishi alliance lost 20 million euros a day and accumulated losses of 5 billion euros.

However, foreign media reported that for many years, Reynolds-Nissan-Mitsubishi Alliance has been dealing with the adverse effects of aging models by selling cars at discounts, which has led to meager profits and inability to provide sufficient funds to cushion the impact of the new crown pneumonia epidemic, causing the group to fall into a vicious circle. In this regard, the current Reynolds-Nissan-Mitsubishi alliance crisis, inevitably will not support Ghosn's statement.

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