AUTOSHOW-FACTBOX-Auto executives' market perspectives

Tue Mar 3, 2009 11:34pm GMT
 
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    March 3 (Reuters) - The annual Geneva Motor Show got 
underway on Tuesday against a backdrop of a global automobile 
sector crisis as the financial crisis saps consumer confidence 
and demand for new cars plunges. 
    Below are comments from auto executives at the show on 
their perspectives for key markets and the effectiveness of 
government measures designed to jump-start sales, as they 
attempt to assess how much further the car market deteriorates 
before it reaches a low point. 
    
 NISSAN MOTOR CO <7201.T> 
    Executive Vice President Carlos Tavares, assigned last 
month to head the Americas region, traditionally Nissan's 
biggest source of profits, said until demand returned to normal 
levels, the main task would be slashing costs and controlling 
inventories. 
    "We would like to see the bottom (of the U.S. market), but 
so far it's not visible yet ... Once we see three to four 
months of stabilisation we could say we have hit bottom." 
    [nL3712838] 
    
   FIAT  
    Fiat Auto Chief Executive Lorenzo Sistino said he expected 
March sales in Italy to be "in line or slightly better than 
last year," thanks to incentives. 
    [nMAT009236] 
    
    RENAULT  Renault Chief Operating Officer 
Patrick Pelata said the group is already feeling the benefits 
of a trade-in incentive introduced by the German government. In 
Germany, the group is seeing "enormous growth - the problem is 
delivering Clios, Twingos, Sanderos and Meganes." 
    [nL3339088] 
    
    CITROEN  
    Citroen's head of international operations, Jean-Louis 
Chamla, said the carmaker -- part of French group PSA Peugeot 
Citroen -- saw a 2009 market of around 2 million vehicles in 
Russia, where sales have fallen sharply. "I don't think it's 
finished -- the market could be even worse than we're saying 
today." 
    Chamla said he expected the Chinese market to grow by 
around 5 percent in 2009. 
    [nL3150989] 
    
    MAZDA MOTOR CORP <7261.T> 
    Mazda Motor Europe Chief Financial Officer Jeffrey Guyton 
said it aimed to defend its share of a sinking European market 
and warned the second half of 2009 would probably be tougher 
than the first. 
    "As long as consumers have as much uncertainty about jobs 
and prices as they do now, they are not going to be buying 
cars." 
    [nT71077] 
    
    TOYOTA MOTOR CORP <7203.T> 
    Toyota Motor Europe Executive Vice President Thierry 
Dombreval said the unit wanted to boost its European market 
share to 6 percent in 2009 from 5.3 percent last year. 
Dombreval said he expected sales to fall by about one-quarter 
in Western Europe and as much as 40 percent elsewhere such as 
Russia. 
    "We have more bad news coming (in the second half of 
2009)." [nT322728] 
 (Reporting by Gilles Castonguay, Chang-Ran Kim, Matthias 
Blamont, Helen Massy-Beresford; editing by Jeffrey Benkoe) 
 ((helen.beresford@thomsonreuters.com; +33 1 49 49 56 83; 
Reuters Messaging: 
helen.beresford.thomsonreuters.com@reuters.net)) 
 
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