Renault needs a supermodel

Article Abstract:

Renault has seen a drop in sales of 19.2% for Aug 1995 compared with Aug 1994. This is a sharper drop than seen by the French market as a whole at 9.1%, hit by a withdrawal of state subsidies. Renault's sales were also affected by its planned withdrawal of the R19 model which will be superceded by the Megane model. The R19 ranked second in popularity of the company's models after the Clio, and sales to Germany were strong. There is speculation that the government is seeking to boost the company's share price through a subsidy.

Automobiles, Automobile Manufacturing, Management, Automobile industry, Regie Nationale des Usines Renault

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Rigour now de rigeur

Article Abstract:

The French government appears to be focusing on fiscal austerity, judging by changes in the cabinet. Jacques Chirac, president of France, has emphasized the need to control public spending, in a television interview. He is committed to austerity in spending for a two-year period to meet criteria for European monetary union. This includes major changes for the social security system in France. Details of reductions in social security spending will be announced in Nov 1995.

France, Economic policy, Fiscal policy

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