Renault says euro limits raw materials impact

Newswire

PARIS, July 25 (Reuters) - The head of French carmaker Renault said on Wednesday the strong euro had limited the impact of raw material prices on European carmakers. Chief Executive Carlos Ghosn said the trend of rising raw material prices was expected to continue but added the car industry had not passed on these raw material prices rises to customers, and this was having an impact on their profitability. Many raw materials for the car industry such as steel are priced in dollars. ...

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