🚀 ProPicks AI Hits +34.9% Return!Read Now

France wants Renault to maintain its French plants - PM

Published 20/05/2020, 15:17
© Reuters. FILE PHOTO: Renault ramps up production at its factory of Flins, near Paris
RENA
-

PARIS (Reuters) - The French government will insist on preserving Renault (PA:RENA) production plants in France and wants it to remain the group's global centre for engineering, research, innovation and development, Prime Minister Edouard Philippe said on Wednesday.

Speaking in the Senate, he said the government was particularly concerned about maintaining the Flins plant.

© Reuters. FILE PHOTO: Renault ramps up production at its factory of Flins, near Paris

The French carmaker has sealed a deal with banks on a 5 billion euro state-guaranteed loan to help it cope with the coronavirus outbreak, two sources close to the matter told Reuters on Tuesday.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.