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Russia’s slowing sales may affect Renault’s recovery in Europe


Renault's plan to fix Europe sales may be undermined by slowing growth in Russia. The Russian car market is expected to slow and possibly decline this year, after three years of gains of more than 10 percent. This may affect Renault's efforts to offset slumping demand in Europe, according to a Bloomberg report. Renault was counting on growth in Russia after ...
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More economic slowdown articles

China Boosts Investments in Railway
China plans to boost investments in railway, utilities and health, in an attempt to beat the economic slowdown. The Ministry of Railways aims at spending 470 billion yuan ($74 billion) on ...
Scania reduces bus production at its Polish plant amid low demand
Poland's Scania Production Slupsk has handed redundancy notices to 142 employees due to weak demand for buses and coaches for public transport. Fully-built buses in the Omni range that are made ...
Renault Argentina to cut back on shifts
Renault's unit in Argentina is reportedly cutting shifts at its plant in Cordoba plant after a drop in sales prompted by slowing demand in neighboring Brazil. The announcement comes just after ...
Scania will cut production in Europe because of low demand
Swedish truck maker Scania AB controlled by Volkswagen AG (VOW), will adjust the production rate at its units in Europe. The background is a deceleration in demand in various markets. ...
U.S. – Only oil price can stop economy recovery now – experts
The United States economy is now strong enough to withstand Middle East turmoil and the Japanese nuclear crisis. Only a big rise in the price of oil could stop it. Those ...
Alert: Spanish September car sales fall 32%
Spanish car sales fell 32 percent in September from the same month a year earlier, marking the fifth straight month of decline amid a severe economic slowdown, data showed on ...

latest automotive news
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