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Tuff-Stuff

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Tuff-Stuff

Re: dDT post# 45394

Sunday, 12/21/2014 7:33:37 AM

Sunday, December 21, 2014 7:33:37 AM

Post# of 53906
BBC<>Manufacturers face 'bloodbath' in Russia, says Renault Nissan boss

The chief executive of Renault Nissan, Carlos Ghosn, has said that manufacturers in Russia are facing a "bloodbath" because of the plunge in the value of the rouble.

The currency has been dropping steadily for several months, but suffered very sharp falls earlier this week.

The two firms have stopped taking orders for some new models and raised prices on others.

Several rival manufacturers have taken similar steps.

cont http://www.bbc.com/news/business-30552925

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