13:07, 24.07.2008 French Carmaker Renault To Up Prices, Freeze Recruiting, Delay Projs On Adverse Mkt Conditions

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BUCHAREST / 13:07, 24.

07.2008 French carmaker Renault will increase sales prices, temporarily freeze staff recruitment in Europe, and is considering postponing several low-priority projects citing difficult market conditions, the company said Thursday.Renault said the economic climate had deteriorated by far more than it had imagined when it drew up a business plan called Renault Contract 2009, and it will apply an action plan to preserve competitiveness and profitability, the company said in a...

Read the whole story in: Mediafax