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Renault CEO says Greece to weigh on auto sales

The fall-out from the Greek debt crisis could push down European auto sales for the rest of the year, though they have been better than expected so far in 2010, Renault Chief Executive Carlos Ghosn told the Wall Street Journal.

US auto sales, on the other hand, would likely rise 15 per cent this year to 12 million and rapidly return to a level of over 14 million annually, the paper quoted Ghosn as saying in its Tuesday edition.

Ghosn, also head of Nissan Motor, dismissed skepticism about the electric car market and said that it was set to surge, the WSJ said. "My biggest worry is that this market is going to grow too fast," the paper quoted him as saying.