Advertise On EU-Digest

Annual Advertising Rates

1/17/10

Renault: Negligible Hit From Venezuela Currency Devaluation

French carmaker Renault SA (RNO.FR) expects a negligible impact from the devaluation of the Venezuelan currency given its limited exposure in that market, a company spokeswoman said Tuesday.

Venezuela's President Hugo Chavez last week devalued the bolivar by 50% in a bid to safeguard the government's depleted oil income and address some of the symptoms of stagflation in the economy.

For more- Renault: Negligible Hit From Venezuela Currency Devaluation - WSJ.com

No comments: