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Renault sees 'stabilization' of European car market in 2017
September 29, 2016 / 11:56 AM / a year ago

Renault sees 'stabilization' of European car market in 2017

PARIS (Reuters) - Renault (RENA.PA) expects the European car market to grow 5 percent this year before steadying in 2017, an executive at the French car manufacturer said on Thursday.

Carlos Ghosn, Chairman and CEO of the Renault-Nissan Alliance, poses during a news conference on media day at the Paris auto show, in Paris, France, September 29, 2016. REUTERS/Benoit Tessier

    “We should see some kind of stabilization of the European market in 2017,” Thierry Koskas, Renault’s executive vice president, sales and marketing, told reporters at the Paris auto show.

    Koskas also said Renault was anticipating a 15-20 pct sales drop in Brazil and a decline of 12 percent in Russia.

    Reporting by Gilles Guillaume; Writing by Matthias Blamont; Editing by Richard Lough

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