- See demand in French auto market to drop by 5%, this is up from a previous expectation of a 15% fall in 2009.
- If demand continues to weakn, additional production cuts will be required.
- Have no plans for short term labor cuts; will not rule out further production cuts.
- Note French stimulus package to include €1K provision for swapping old vehicles when making new purchase.

Other headlines for [RNO.FR]

• Today 04:00am
  (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 Yesterday 08:40am
  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 Yesterday 05:13am
  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...
  
• 1/5/2009 06:52am
  Fitch: European auto ABS show further signs of weakness
  
• 1/5/2009 06:01am
  (FR) French Dec Car and Light Truck sales were down 16% y/y
  

Industrials sector headlines

• 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
  
• NSANY Today 01:24pm
  Nissan Motor Co., Ltd Announces recall of 243K trucks and SUVs due to airbag sensor issues
  
• DAL Today 01:19pm
  Delta Air Lines Inc Reports Dec load factor 80.1% v 77.7% y/y- ASMs 9.78M (+0.7% y/y) - RPMs 12.2M (-2.4% y/y)
  
• CAE Today 01:12pm
  Cascade Corp. Shares downgraded to underperform from neutral rating at DA Davidson (timing uncertain)