MANUFACTURERS FACE 'BLOODBATH' IN RUSSIA, SAYS RENAULT NISSAN BOSS (STA BREAKING NEWS and ARCHIVES)

by STANews , Saturday, December 20, 2014, 12:05

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.

However, Mr Ghosn said he was confident the situation would stabilise, eventually.

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