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France wants Renault to maintain its French plants

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The French government will insist on preserving Renault production plants in France and wants it to remain the carmaker's global centre for engineering, research, innovation and development, Prime Minister Edouard Philippe said on Wednesday.

French Prime Minister Edouard Philippe attends a parliamentary session in Paris, France, May 19 2020. Christophe Petit Tesson/Pool via REUTERS

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20 May 2020 11:55PM

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

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

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At the end of May, Renault plans to outline 2 billion euros (US$2.2 billion) of spending cuts over the next three years after booking its first loss in a decade last year.

French financial daily Les Echos has reported that Renault is considering closing three of its French sites, including an assembly plant in Dieppe, and that it would stop makinRead More – Source