[01 July 13] The French car industry is on a downward slope - English

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Presstv   Press   TV   News   channel   channels   Press   TV   reports   The   French   car   industry   is   on   a   downward   slope   01   July   2013  

Figures released by the Committee of French Car Makers show that in the past 6 months, the number of new cars sold in the country has dropped by 11 percent compared to last year\'s figures. French brands dominate the country\'s roads. And they are the biggest victims too. Peugeot Citroen has lost 9,5 percent of the market figures and Renault has lost 4 percent in just one month : a clear sign that the French now see cars as less of a necessity. The forecasts for the next six months show the car industry will continue to go suffer in the coming months. New figures now show the French car industry is now in deep trouble. Experts say this will certainly have a great impact on the French economy. This leaves almost no doubt that France is in a recession and may not escape it anytime soon. Anustup Roy, Press TV, Paris

Added by PTV on 02-07-2013
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