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Industry: Email Alert RSS FeedSchweitzer warns 2005 will be rough.(News)(Louis Schweitzer )
Automotive News Europe, March, 2005 by Saint-Seine, Sylviane de
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Byline: Sylviane de Saint-Seine
Nissan CEO Carlos Ghosn, who will take over the chief executive job at Renault this spring, will have the opportunity to show his mettle amid a tough business environment.
Renault Chairman and CEO Louis Schweitzer warned that 2005 will be difficult. He said that Renault's profit margin will be squeezed by falling sales in key foreign markets, rising raw materials costs and new accounting rules.
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Schweitzer, 62, who will relinquish his CEO title to Ghosn on April 29, said there are five key factors that will take their toll on Renault's ...
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