PARIS (Jan 18): Renault expects to deliver sales growth in 2019, despite the imminent ouster of Chairman and Chief Executive Carlos Ghosn and tension with alliance partner Nissan.
“Volumes progressed across almost all our regions (in 2018), and we’re entering 2019 with expectations for a slight increase in sales,” Renault sales chief Olivier Murguet told reporters.
Murguet declined to comment on the leadership crisis engulfing Renault-Nissan following Ghosn’s arrest in Japan for alleged financial misconduct or any sales impact it may have.
The government has terminated the engineering, procurement, construction and commissioning (EPCC) contract awarded to China contractor China Communications Construction Co Ltd (CCCC) for the RM81 billion East Coast Rail Link (ECRL) project, a source told theedgemarkets.com today.
CCCC was instructed to stop all construction works and services regarding the ECRL project by Finance Minister Lim Guan Eng on July 3 last year until further notice, pending a review.