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Renault CEO lifts European car market forecast after ECB plan
January 22, 2015 / 6:37 PM / 3 years ago

Renault CEO lifts European car market forecast after ECB plan

PARIS, Jan 22 (Reuters) - Renault Nissan Chief Executive Carlos Ghosn upgraded his European car market growth forecast on Thursday after the European Central Bank unveiled a bond purchase programme to boost the continent’s flagging economy.

Ghosn told participants at the Davos World Economic Forum that he now expects Europe’s car market to grow by at least 2 percent in 2015, against 1-2 percent previously, according to a company spokeswoman.

The European Central Bank on Thursday launched a government bond-buying programme that will pump hundreds of billions in new money into the euro zone. (Reporting by Gilles Guillaume; Writing by Astrid Wendlandt; Editing by James Regan)

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