Ghosn Forecasts Bleak Midterm for European Auto Makers

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Ghosn Forecasts Bleak Midterm for European Auto Makers

By William Diem
WardsAuto.com, Jul 15, 2008 9:00 AM

Renault is paying €1 billion more for steel this year than three years ago, the equivalent of half the profits the auto maker has earned in that time.

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