Renault CEO: Global Car Market May Grow Less Than Expected
September 12 2011 - 12:14PM
Dow Jones News
Car markets globally are still expected to grow next year, even
though growth could be less than initially expected because of a
decrease in demand in Europe, said Renault SA's (RNO.FR) Chief
Executive, Carols Ghosn, Monday.
Demand in the French market is likely to fall next year while
the European one is expected to be "at best stable," Ghosn told
journalists following a presentation about the electric version of
Renault's mini van, Kangoo.
Ghosn said everyone is in an uncertain situation because of the
changing economic environment, adding that this feeling was broadly
shared by his peers and competitors in the auto industry.
"The volatility of the last days creates uncertainty," Ghosn
said.
-By Alessandro Torello, Dow Jones Newswires; +32 2 741 14 88;
alessandro.torello@dowjones.com
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