News Details
Minister admits Renault 'may disappear'
May 25 France's finance minister has admitted Renault may "disappear" as a result of the corona crisis. It was reported last week that the government, which owns a 15 percent stake in the French carmaker, will step in with a EUR 5 billion loan to rescue the embattled marque. But minister Bruno Le Maire has told Europe 1 radio that the loan will not be granted until "we know what Renault's strategy is". He admitted that Renault is in "serious financial difficulty", confirming: "Yes, Renault may disappear." Renault has organised a press conference for Wednesday 27 May, and there are fears and rumours that a severe restructuring plan could involve the...
Full Story »
Full Story »
5y ago from OneStopStrategy.com
0
You May Also Be Interested In...
Renault on the verge of collapsing? Minister France:...
The Minister of Finance in France rang the alarm bell for car...
5y ago from GPBlog.com
End of the road for Renault?
The future of Renault's F1 team could be known by next week, as French car...
5y ago from Pitpass.com
Magnussen admits 'stepping over the line' at times
Haas' Kevin Magnussen admits "overstepping the line" at times...
5y ago from F1i.com
Alonso admits F1 return for 2021 possible
May 19 Fernando Alonso has admitted he is contemplating a return to...
5y ago from OneStopStrategy.com
Elsewhere On The Network
Popular On MGPToday.com
Marc Marquez: 'It's not that the others are going...
No description available...
13h ago from Motorsport.com
Johann Zarco tops second MotoGP practice at Le Mans,...
Johann Zarco continued Honda's Friday dominance to top the second MotoGP...
17h ago from MotorsportWeek.c...
Pedro Acosta ‘barely makes it through’ to Q2 after...
No description available...
13h ago from Motorsport.com
What’s behind Honda’s pace-setting speed in French...
No description available...
15h ago from Motorsport.com
Popular On IndyCarToday.com
Enzo Fittipaldi snags first Indy NXT win in Race 1 of...
No description available...
10h ago from Motorsport.com
IndyCar postpones IMS qualifying due to rain
The NTT IndyCar Series has postponed qualifying due to continuing...
9h ago from MotorsportWeek.c...
Rain washes out IndyCar qualifying at Indianapolis...
No description available...
9h ago from Motorsport.com
Second IndyCar practice at IMS headed up by Alex Palou
IndyCar took to the Indianapolis Motor Speedway road course for the...
13h ago from MotorsportWeek.c...
Popular On TotalWRC.com
WRC Portugal: Organisers investigate major stage...
No description available...
11h ago from Motorsport.com
WRC Portugal: Adrien Fourmaux off gives Sebastien...
No description available...
14h ago from Motorsport.com
Dani Sordo questions “stupid” WRC tyre rules amid...
No description available...
19h ago from Motorsport.com
WRC Portugal: Hyundai on top as overnight leader...
No description available...
20h ago from Motorsport.com
Popular On GunnersToday.com
'I can't see…' – Jamie Carragher makes big...
Liverpool legend Jamie Carragher has admitted he can see there being a...
13m ago from CaughtOffside.com
Arsenal and Man City battle for 55m Spanish attacker...
Matias Fernandez-Pardo has been linked with a move away from LOSC Lille at...
11h ago from CaughtOffside.com
The seven games that will decide whether Arsenal or...
enal have the advantage in the Premier League title race but will they...
10h ago from TheGuardian.com
Mikel Arteta urges Arsenal to ‘channel energy’ in...
ager dismisses criticism from the ‘celebration police’ and is focused...
10h ago from TheGuardian.com
Comments
Hottest News
Carlos Sainz 'open to' sensational McLaren F1 return
Carlos Sainz is considering making a shock return... Read More »
43m ago from GPFans.com
F1 News Today: Lewis Hamilton's Ferrari fury, F1 star slams...
Lewis Hamilton has shown frustration over... Read More »
1h ago from GPFans.com
Charles Leclerc reacts to incredible Ferrari statistic:...
Charles Leclerc has been around Ferrari for a... Read More »
1h ago from RacingNews365.com
