PARIS – The 130,600 employees who work for Renault SA, minus President and CEO Carlos Ghosn and the handful of people in his inner circle, for months have been waiting for Feb. 9, when the man they know as “Le Cost Cutter” will announce what Renault needs to do to right itself. In a year where global vehicle sales grew by about 4.5%, Renault Group’s 1.7% increase in 2005 was disappointing. Squeezed by rising raw material prices and tepid demand, Renault reportedly has been forced to cut ...
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