Renault’s European Fix in Danger as Russian Growth Slows: Cars
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Russia’s car market is forecast to slow and possibly decline this year, ending a three-year streak of gains of more than 10 percent and damping market leader Renault SA’s efforts to offset slumping demand in Europe.
Renault, which controls Russian brand Lada, was banking on growth in the country after suffering the worst sales decline in Europe last year. With inflation reaching 6.6 percent in 2012 and interest rates rising, those plans may be dashed.