- Supports govt loans to retool industry for fuel efficient cars
- Says 2009 will be a very challenging yr for global economy
- Renault-Nissan still plan to build electric cars by 2010; product collaborations continue

Other headlines for [RNO.FR]

• 12/30/1899 00:00am
  (UK) Dec car registrations down 21% y/y to 108.7K units - SMMT- Agency notes that car drop was less than expected - FY car registrations at 2.13M v 2.40M y/y - Note: SMMT is Society of Motor more...
  
• F.IT 12/30/1899 00:00am
  Fiat S.p.A Shares suspended, limit up- Note: European automotive sector shares have been outperforming throughout today's session, being led by Volkswagon following comments from Porsche yesterday
  
• RNO.FR 12/30/1899 00:00am
  Renault SA COO Pelata: Expects 2009 European car demand to decline 20-25% compared to 2007- Co has met its inventory goal for 2008 and would continue to reduce stocks in 2009. - Will continue in pograms to more...
  
• 12/30/1899 00:00am
  Fitch: European auto ABS show further signs of weakness
  
• 12/30/1899 00:00am
  (FR) French Dec Car and Light Truck sales were down 16% y/y
  

Industrials sector headlines

• SPEC Today 04:00pm
  Spectrum Control Inc Reports Q4 $0.20 v $0.19e, R $33.8 v $33.9Me- Guides Q1 EPS $0.18-0.20 v $0.19e, R $33-34.5M v $35Me - Q4 Gross Margins 27.3% v 25.2% y/y - Co states "total sales order backlog is over $69M, up more...
  
• WDFC Today 04:00pm
  WD-40 Co Reports Q1 $0.46 v $0.41e, R $83.6M v $82.4Me; Cuts Q2 outlook- Guides FY09 $1.60-1.75 v $1.77e, R$ 305-315M v $329.5Me - Guides Q2 $0.23-0.28 v $0.48e, R $69-71M v $82.2Me
  
• NOC Today 03:01pm
  Northrop Grumman Corp Reorganizing cetain business- These actions, effective immediately, include streamlining its organizational structure, reducing the number of sectors from seven to five. The five sectors will be more...
  
• JBLU Today 02:07pm
  JetBlue Airways Corp Reports Dec Load Factor 79.4% v 76.8% y/y- RPMs -1.8% y/y - ASMs -5.1% y/y
  
• FR.FR Today 01:28pm
  Valeo SA Moody's lowers Long term rating cut to Ba1 fom Baa3; now junk status; affects €1.1B worth of debt