Nissan Motor Co. Ltd. and Renault SA, in which Nissan holds a 37% stake, have lowered their estimates for European market share for 2005 set in 1999. Nissan CEO Carlos Ghosn says profits are more important than unit sales and has cut Nissan and Renault’s goal of a combined 17% European market share by 2005 to 15%. Nissan lowered its target from 5% to 4% last year and Renault cut its goal from 12% to 11% at the same time. A Renault spokeswoman says the auto maker’s European market share ...
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