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Renault sees 'stabilization' of European car market in 2017

Reuters

PARIS (Reuters) - Renault (RENA.PA) expects the European car market to grow 5 percent this year before steadying in 2017, an executive at the French car manufacturer said on Thursday.

"We should see some kind of stabilization of the European market in 2017," Thierry Koskas, Renault's executive vice president, sales and marketing, told reporters at the Paris auto show.

Koskas also said Renault was anticipating a 15-20 pct sales drop in Brazil and a decline of 12 percent in Russia.

(Reporting by Gilles Guillaume; Writing by Matthias Blamont; Editing by Richard Lough)