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Renault-Nissan CEO sees 100,000 electric vehicles sold end-June

(Reuters) – French carmaker Renault (RENA.PA) and its Japanese partner Nissan (7201.T) will have sold a total of 100,000 electric vehicles so far by the end of June, Carlos Ghosn, chief executive of both companies, said on Saturday.

But Ghosn, speaking at a conference in the southern French city of Aix-en-Provence, also said he did not expect any strong recovery in the troubled European auto sector in the medium term.

“I am preparing Renault to several years of market stability, at best,” he said.

Squeezed household budgets and rising unemployment have discouraged consumers in France and other European countries from purchases of big-ticket items, and the car market is nearing a two-decade low after five years of contraction.

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