- Adds company believes new models will not bring 05 levels back
- Note: Back in July: The company lacked volumes to achieve 10% growth target in 2008
- CFO denies a change in guidance given in July
- Sales growth target out of reach, shortfall greater than forecast

Other headlines for [RNO.FR]

• RNO.FR Today 11:37am
  Renault SA Fitch cuts rating to BBB from A-
  
• NSANY 11/18/2008 09:37pm
  Nissan Motor Co., Ltd COO: Management committed to reaching 2008-09 profit forecast - conf call- No further details at this time
  
• RNO.FR 11/18/2008 03:50pm
  Renault SA CEO: US automakers' requests are fair - CNBC interview- says not considering an acquisition, and says consolidation amongst automakers is not likely
  
• RNO.FR 11/18/2008 08:47am
  Renault SA CEO Ghosn says credit crunch is "not getting better"; goal for 2009 is to maintain positive free cash flow - WSJ- Supports govt loans to retool industry for fuel efficient cars - Says 2009 will be a more...
  
• 11/17/2008 09:41pm
  (RU) Russia plans to increase import taxes on automobiles - FT- The government may also increase duties and cut import quotas for sensitive products.
  

Industrials sector headlines

• LLL Today 05:06pm
  L-3 Communications Holdings, Inc Received $75M contract from Department of Defense- Increase to its indefinite delivery, indefinite quantity contract for global media development, production and dissemination in support of U.S. more...
  
• VOW.GE Today 04:09pm
  Volkswagen AG Bentley says global sales to decline 30% in 2008 - WSJ- Guides 2009 global sales at around 5K units
  
• F Today 04:05pm
  Ford Motor Co Company remarks that it has a great plan for Congresswoman Pelosi and Sen Reid with regards to transformation- follow up: GM also says it will also submit a plan to Congress
  
• GM Today 03:13pm
  General Motors Corp S&P lowers long term counterparty rating GMAC LLC to CC from CCC; cuts long term countrparty rating on ResCap LLC to CC from CCC-
  
• BA Today 02:56pm
  Boeing Co Receives $1B 364 day revolving credit agreement - filing