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FRANCE: European auto market to fall 20% - Renault's Pelata

As concerns grow over the outlook for car demand across the world, Renault executive Patrick Pelata has said that he expects the European automobile market to fall by 20% in 2009.

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Auto headlines: Delphi gets extension

... margin of up to 3% for 2008 compared with a previous target of 4.5%, Chief Operating Officer Patrick Pelata said Thursday. The number of vehicles sold will "slightly exceed" last year's 2.49 million, the carmaker said, abandoning a 5% growth target."The crisis has arrived," Pelata said at the manufacturer's Boulogne-Billancourt headquarters. "But Renault is resisting well,"...