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Why Renault is playing “its survival”

At the end of 2018, everything seemed to smile at Renault. At the time of the spectacular arrest of its CEO Carlos Ghosn, in mid-November, the firm in Losange seemed in great shape. In fact, the results for the 2019 financial year, which succeed the 2018 records, are quite good. Volumes are on the rise, at 3.9 million units, the operating margin reaches 6.7%, which is far from being ridiculous in the sector. However, a few months later, the Minister of Economy had very harsh words. “Renault is playing its survival,” said Bruno Le Maire a few days ago to justify the French automaker’s restructuring plan.

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