Mon dieu! The car brand of the legendary duck is about to end!
France’s Economics and Finance Minister Bruno Le Maire sees the automaker Renault in a serious crisis. “Renault is struggling to survive,” Le Maire told Le Figaro on Friday.
The group has applied for a state-guaranteed loan of five billion euros, the minister said. “I haven’t signed this loan yet.” The government is asking Renault to “make commitments in three areas: electric vehicles, respect for their suppliers, and localizing their most technologically advanced activities in France.”
After the scandal surrounding the former CEO Carlos Ghosn, the manufacturer was in turmoil. The corona pandemic and the related slump in sales led to the worsening crisis.
Le Maire also stressed that Renault’s large Flins factory in the Paris area should not be closed. “This is the position of the government and the state as shareholders,” said Le Maire to Europe 1 on Friday morning. “There is an urgent need for action,” he warned.
“Renault can disappear, the big industrial manufacturers can disappear.” He never concealed the seriousness of the crisis and did not conceal the seriousness of Renault’s situation, the minister said.
However, he also knew that Renault had exceptional resources, exceptional technologies, motivated employees and a skilled workforce. In his opinion, the company can and will get back on its feet if it defines a strategy. Le Maire sees it as the right strategy to make the company one of the most technologically advanced manufacturers in the world, which is at the forefront of electric vehicles.
In general, Le Maire said to “Le Figaro”: “I have no qualms about saving our companies. What other solution is there? Resign yourself to hundreds of thousands of layoffs and bankruptcies? That would have been fatal to our economy. “
– .
