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.




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