PARIS – The CEO of Renault SA and Nissan Motor Co. Ltd. sees a dreary midterm future for Europe’s automobile industry, with serious worries on both the cost and revenue side of the ledger. Renault is paying €1 billion ($1.6 billion) more for steel this year than three years ago, the equivalent of half the profits the auto maker has earned in that time, says Carlos Ghosn at a recent meeting of economists in Southern France. He also predicts a difficult fourth quarter for France, one of ...

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