It is a French issue because Renault and Peugeot are both volume players and they are on the receiving end of Japanese and Korean competition.
More Quotes from Adam Jonas:
I think everybody is worried about April. In the U. S. so far in April Chrysler car sales are down pretty significantly.Adam Jonas
If Western Europe were the only market for these carmakers, it would be a headwind, definitely. Companies will have to take an offensive and defensive approach -- coming up with new models and attracting more up-market customers.
Adam Jonas
Peugeot had a bad year but their sales volumes improved. GM and Ford are operating at about their break-even market share.
Adam Jonas
In the last two days you had Renault talking about a price war, Fiat referring to a price war, Honda and Peugeot all referring to a price war in Europe ... The pricing environment is even worse than people anticipated.
Adam Jonas
Theres a reason Renault is getting a lot of attention with this car. Theyre the only one doing this so aggressively. If they are successful, there will be followers.
Adam Jonas
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