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09 Mar
11:48

Renault forecasts 2020 automotive sector decline for Europe

The global automotive market should decline this year, French vehicle maker Renault says in the company’s 2019 financial report. Demand in Europe is forecast to be at least -3% down, Russia likewise at around -3% although the Brazilian market is anticipated to rise by around 5%. “Visibility for 2020 remains limited due to expected volatility in demand, notably in Europe because of the CAFE regulation and the possible impacts of the coronavirus,” …
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