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Crisis effects: Renault shuts down all French factories for a week, Peugeot-Citroen announces massive production decrease

de Radu Rizea
Vineri, 24 octombrie 2008, 14:51 English | Business

French car producer Renault will shut down all its factories in France for at least a week, in order to adjust its production to the decreasing demand, AFP informs. At the same time, PSA Citroen / Peugeot also announced a massive production decrease and costs cuts.

Renault has factories in Mans, Flins, Cleon, Douai and Sandouville.

Both factories suffer from the international financial crisis, facing a lower demand and stock markets falls.

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