FRANKFURT – It’s not the U.S. market that’s the most competitive on the planet. Europe, where many auto makers have been losing money, is where the real sales war is being fought, says Renault SA Chairman and CEO Louis Schweitzer. The Western European market has been going through its own slump this year, with overall vehicle sales down 6.2% in August and 2.8% in 2003 to date. That’s actually a better performance than many, including Schweitzer, expected. “We stated at the ...
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