French car market shrinks by 14 per cent in November
|
|
|
| Posted
:
Mon, 01 Dec 2008 14:27:16 GMT |
| By
:
DPA |
| Category
:
Business |
| News Alerts by
Email ( click
here ) |
|
Business News |
Home
|
|
|
|
Paris - The registration of new private cars in France fell by more than 14 per cent year-on-year in November, confirming the onset of a crisis in the sector, the online edition of the daily Le Figaro reported on Monday. According to the Committee of French Car Makers (CCFA), 145,918 new vehicles were privately registered last month, a drop of 14.4 per cent over November 2007. In addition, French domestic car sales fell by 9.7 per cent last month, while foreign car sales in France plunged by more that 18 per cent. On Thursday, President Nicolas Sarkozy is to announce a plan to help French industry through the economic crisis. The proposal is expected to focus on the French car and housing sectors. Speaking in Tokyo, Renault head Carlos Ghosn warned that there would be "massive job losses" in any country that did not come to the rescue of its automobile industry.
Copyright DPA
|
|
|
|
|
|
Related News
Czech premier proposes central bank chief for EU executive
Prague - Czech Prime Minister Jan Fischer proposed Zdenek Tuma, the governor of the Czech National Bank, for a post in the European Commission, the premier's office said Sunday. Fischer has said that he would select the Czech Republic's candidate for...
Myanmar expects to export 1 million tons of rice this fiscal year
Yangon - Myanmar exported 670,000 tons of rice in the fiscal year that ended March 31 despite the devastation wrought by Cyclone Nargis and expected to export up to 1 million tons this fiscal year, media reports said Sunday. The export volume of ric...
Indonesian maids outnumber Filipinos in Hong Kong for first time
Hong Kong - Filipino maids in Hong Kong are outnumbered for the first time by domestic helpers from Indonesia, according to government figures published Sunday. The number of Indonesian maids in the wealthy former British colony is now more than 130,...
Economic woes cost German employment agency billions
Nuremberg - The German employment agency will need to plug a funding hole of 16 billion euros (24 billion dollars) in 2010, an agency spokeswoman said on Saturday, confirming a media report. Job losses resulting from the economic crisis meant the agen...
Brown proposes financial market tax at G20 meeting - 2nd Update
St Andrews, Scotland - British Prime Minister Gordon Brown urged finance ministers from the world's 20 leading economies meeting Saturday to consider imposing a tax on financial transactions to help head off future global economic crises. It cannot ...
Head of GM Europe may switch to India's Tata: media reports
Frankfurt, Germany - The European chief of General Motors (GM), Carl-Peter Forster, may switch to Indian car manufacturer Tata, German media reported Saturday. Forster, 55, is quitting GM after strongly criticizing the Detroit-based car giant's surpr...
Economic recovery, climate change tops G20 meeting
St Andrews, Scotland - Finance ministers from the world's 20 leading economies are meeting in the Scottish golf resort of St Andrews Saturday to review the state of the global economy amid signs of a tentative recovery from its biggest slump in a gen...
|
|
|
|
|
|
|
|
