Car markets in Europe, Japan stalled until 2011.Byline: Daily Star Staff Summary: There will be no rebound in car markets in Europe and Japan before 2011, the head of carmakers Renault and Nissan was quoted Friday as saying. In comments reported by French daily Le Monde n. 1. The world; a globe as an ensign of royalty. Le beau monde fashionable society. See Beau monde. Demi monde See Demimonde. , Carlos Ghosn said the end of scrapping deals in Europe that encourage car buyers to trade in older cars for new ones would hold back any rebound in the car market. PARIS Paris, in Greek mythology Paris or Alexander, in Greek mythology, son of Priam and Hecuba and brother of Hector. Because it was prophesied that he would cause the destruction of Troy, Paris was abandoned on Mt. : There will be no rebound in car markets in Europe and Japan before 2011, the head of carmakers Renault and Nissan was quoted Friday as saying. In comments reported by French daily Le Monde, Carlos Ghosn said the end of scrapping deals in Europe that encourage car buyers to trade in older cars for new ones would hold back any rebound in the car market. The deals have helped limit the decline in car purchases. He predicted no pickup in Europe's car industry until at least the first quarter of 2011. Ghosn said the car-scrapping deals should be gradually run down rather than stopped overnight, adding thatAa Paris "is very open" to the idea. European sales of new cars fell for the 13th month in a row in May from the previous year, carmakers' association ACEA ACEA Association des Constructeurs Européens d'Automobiles ACEA Association of Consulting Engineers Australia ACEA Advisory Committee on Environmental Aspects ACEA Association Canadienne des Etudes Africaines (French) said last month, with only two major manufacturers u Volkswagen AG Volkswagen AG (VW) Major German automobile manufacturer. It was founded in 1937 to mass-produce a low-priced “people's car” (Volkswagen). After World War II the company was rebuilt with Allied help, and within a decade it was producing half of West Germany's and Fiat SpA Fiat SpA International holding company and major Italian manufacturer of automobiles, trucks, and industrial vehicles and components. In 1899 Giovanni Agnelli (1866–1945) founded the firm that was incorporated as Fiat in 1906; he led the firm until his death. u selling more than last year. u AP Copyright 2009, The Daily Star. All rights reserved. Provided by Syndigate.info an Albawaba.com company |
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