Renault loan still not signed, site closures must be last resort, says Le Maire

by SpeedLux
Renault MVP

French Finance Minister Bruno Le Maire on Thursday stated that the government was yet to sign off on a planned 5 billion euro ($5.5 billion) loan for Renault. Le Maire added that the automaker’s site closures and job cuts could only ever be a last resort.

“The closure of a site must only be a last resort,” Le Maire informed France 2 television.

French President Emmanuel Macron this week said that the government, which owns a 15% stake in the automaker, would not sign off on the state loan until management and unions had concluded talks over the automaker’s French workforce and sites.

Le Maire warned last week that the company could disappear if it didn’t receive help soon.

You may also like

Leave a Comment

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

SpeedLux

SpeedLux is a high-authority automotive blog providing the latest automotive news and reviews. SpeedLux covers everything related to cars, bikes, and motorcycles, from news and reviews, to troubleshooting guides, tips and tricks, and more. SpeedLux was born in 2009 and we have over 20,000 articles published on our blog. We thank all our readers, as well as our partners, without whom we could not have reached this level.

Subscribe

©2009 – 2024 SpeedLux – Daily Automotive News and Reviews. All Right Reserved.

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More