French carmaker Renault (PAR:RNO) has trimmed its growth forecast for the global market this year, in a sign the industry is becoming increasingly worried about volatile emerging markets even as demand in Europe starts to pick up. Renault sales chief Jerome Stoll told the Geneva auto show on Tuesday the group now expected global car sales to rise by slightly less than the 2 percent previously forecast. "While Europe is showing some signs of recovery, we are at the same time seeing some headwinds from emerging markets," he said, citing weaker than expected demand in Russia, Argentina, Turkey and Algeria in particular. After a six-year sales slump, Europe's car market is finally showing signs of recovery as even countries hardest hit by a sovereign debt crisis move out of recession.
via Business News - Yahoo Finance http://ift.tt/1fDYBZX
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