London (CNN Business)Renault may not survive the shock of the coronavirus pandemic without help from the French government.The French government and Japan’s Nissan (NSANF) are Renault’s largest shareholders, each owning a 15% stake in the company.The government is currently negotiating the terms of a €5 billion ($5.4 billion) loan for Renault.
Tag: Renault
France warns Renault could disappear; Nissan plans job cuts
PARIS/TOKYO (Reuters) – Europe’s car industry was put on alert for more job losses on Friday as a French minister warned Renault could disappear if it didn’t get help soon and a Japanese news report said partner Nissan was considering 20,000 layoffs, with many in Europe. FILE PHOTO: The logo of Renault carmaker is pictured… Continue reading France warns Renault could disappear; Nissan plans job cuts
UPDATE 1-Nissan considering 20,000 job cuts, mainly in Europe, developing nations -Kyodo
FILE PHOTO: A Nissan logo is pictured at Brussels Motor Show, Belgium, January 9, 2020. REUTERS/Francois Lenoir TOKYO (Reuters) – Nissan Motor Co (7201.T) is considering cutting 20,000 jobs from its global workforce, focusing on Europe and developing countries, Kyodo news reported on Friday, as the Japanese automaker struggles to recover from plunging car sales.… Continue reading UPDATE 1-Nissan considering 20,000 job cuts, mainly in Europe, developing nations -Kyodo
Renault could disappear and must adapt: French finance minister
FILE PHOTO: The logo of Renault carmaker is pictured at a dealership in Les Sorinieres, near Nantes, France, February 19, 2020. REUTERS/Stephane Mahe PARIS (Reuters) – Renault (RENA.PA) could disappear if it does not get help very soon to cope with the fallout from the coronavirus crisis, France’s Finance Minister Bruno Le Maire said on… Continue reading Renault could disappear and must adapt: French finance minister
Ex Green Beret Charged With Helping Carlos Ghosn Flee Japan – TIME
A onetime U.S. Army Special Forces member accused of assisting in the cloak-and-dagger escape of Nissan Motor Co.’s former chairman from Japan will fight any attempt to extradite him from the U.S., according to his lawyer. Michael Taylor, 59, was taken into custody Wednesday by U.S. Marshals and faces possible extradition to Japan for his… Continue reading Ex Green Beret Charged With Helping Carlos Ghosn Flee Japan – TIME
Renault could disappear and needs to be able to adapt: Le Maire
FILE PHOTO: The logo of Renault carmaker is pictured at a dealership in Les Sorinieres, near Nantes, France, February 19, 2020. REUTERS/Stephane Mahe PARIS (Reuters) – France’s Finance Minister Bruno Le Maire said on Friday that Renault (RENA.PA) could disappear if it does not get help very soon to cope with the fallout from the… Continue reading Renault could disappear and needs to be able to adapt: Le Maire
Nissan considering 20,000 job cuts, mainly in Europe, developing nations: Kyodo
FILE PHOTO: A Nissan logo is pictured at Brussels Motor Show, Belgium, January 9, 2020. REUTERS/Francois Lenoir TOKYO (Reuters) – Nissan Motor Co (7201.T) is considering cutting 20,000 jobs from its global workforce, focusing on Europe and developing countries, Kyodo news reported on Friday, as the Japanese automaker struggles to recover from plunging car sales.… Continue reading Nissan considering 20,000 job cuts, mainly in Europe, developing nations: Kyodo
Renault’s Alpine Factory May Close For Good As Part Of Cost-Cutting Measures – Car Throttle
Renault’s €2 billion raft of savings measures reportedly could include the closure of the Dieppe factory responsible for the Alpine A110 Following a report which suggested the Nissan 370Z and GT-R could become casualties of cost-cutting measures, it’s emerged that a savings programme at partner company Renault could claim another sports car. The Financial Times… Continue reading Renault’s Alpine Factory May Close For Good As Part Of Cost-Cutting Measures – Car Throttle
‘I’ve not yet signed Renault loan’, says French finance minister
PARIS (Reuters) – France’s Finance Minister Bruno Le Maire said he has not signed off on a 5 billion euro ($5.47 billion) state-guaranteed loan to help Renault (RENA.PA) cope with the fallout from the coronavirus, and that discussions continued. FILE PHOTO: French Economy and Finance Minister Bruno Le Maire speaks during a presentation of the… Continue reading ‘I’ve not yet signed Renault loan’, says French finance minister
2 accused of smuggling ex-Nissan boss out of Japan in a box
Authorities say Ghosn was inside one of the big black boxes, lugged by the two men to Japan’s Kansai International Airport. WASHINGTON – A former Green Beret and his son were arrested Wednesday in Massachusetts on charges they smuggled Nissan Motor Co. Chairman Carlos Ghosn out of Japan in a box while he awaited trial… Continue reading 2 accused of smuggling ex-Nissan boss out of Japan in a box