Renault has drawn down additional 5 billion euro state-backed loan

David BondRenault5 years ago5 Views

French automaker Renault in December drew down an extra 1 billion of its 5 billion euro ($6.1 billion) government-guaranteed loan arranged because of the coronavirus crisis, Deputy Chief Executive Clotilde Delbos informed an online presentation on Thursday.

Renault has now tapped 4 billion euros of the loan, Delbos said, adding that the automaker felt it was wise to use the means at its disposal.

In June 2020, Renault had finalized 5 billion euro state backed loan.

0 Votes: 0 Upvotes, 0 Downvotes (0 Points)

Leave a reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

ALL CATEGORIES
Join Us
  • Facebook27.6K
  • Twitter (X)16.1K
  • Pinterest5.7k
  • YouTube13.1k
  • Instagram18.9K

Stay Informed With the Latest & Most Important Automotive News

Advertisement

Follow
Trending
Popular 30 Days
Loading

Signing-in 3 seconds...

Signing-up 3 seconds...

SpeedLux
Privacy Overview

This website uses cookies so that we can provide you with the best user experience possible. Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful.